Reclaim PPI Against Next
In retail terms, Next have been a major success story in recent years. They have become one of the leading names in fashion during that time, and have developed a brand that stretches right around the globe. They have around 500 stores worldwide now, and have had a thriving online presence for a long time. All in all, they’ve come a long way from their early days as a tailoring business in 19th century Leeds.
Unfortunately, Next have been shown to be somewhat underhand when it came to the addition of PPI policies on their store cards. In most instances, they simply added PPI on without even consulting the customer for a number of years. Consumers were unwittingly saddled with a financial product that they didn’t want, didn’t ask for and was often of no use to them whatsoever.
The premise of store cards has always been that they’re a temptation to the consumer, but it’s worth bearing in mind that they’re also a godsend to the stores themselves. Customers could shop for the latest fashions at Next without having to worry about whether they had enough money to buy them at that time, and of course the longer they took to pay, the more interest the stores could charge.
In many cases, consumers simply kept a balance on their cards without ever paying them off altogether. The stores would often end up effectively receiving far more money for that lovely dress or that fashionable suit than they would ever have got if the customer had paid for it in store for the usual price. And with hefty PPI charges added on there was an extra bonus as well.
Have you been a PPI victim in the past?
If you had a Next store card at any time in the past three decades or so, there is a good chance that it had a PPI policy attached. There is also a strong likelihood that you weren’t even aware of this rather sneaky little addition. For all you know, you might have been paying sizable PPI premiums to the company without ever having an inkling that you had signed up to such an arrangement.
Since the finer details of the PPI scandal surfaced, many of the banks, building societies and credit card companies have rightly come in for sustained criticism for the tactics they used to sell policies. It seems that many of our famous high street stores have avoided too much in the way of approbation, but we at Beat the Banks don’t think that’s fair at all.
So many high street stores, including Next, jumped on to the PPI bandwagon in a bid to get their share of the pie and to enhance their profits. In a number of cases, they used unfair tactics, aggressive selling and more than a little in the way of keeping information from the consumer. There were sizable profits to be had, so in some ways the sense of fair play went right out of the window.
Beat the Banks have been challenging big names such as Next for several years now, and we’ve had some major successes along the way. Anyone who has had a Next store card in the past could be eligible for compensation, even if they didn’t know they had PPI during that time. It’s so easy to find out more from our friendly team of experienced specialists, so why not make the call today? We’re available now on 0800 193 1234 to discuss your situation, and we hope to hear from you soon.
It will only take a few minutes of your time to start the ball rolling.