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Reclaim Your PPI Against Catalogue Accounts

If you took out a catalogue account in the late 1990s or early 2000s, then, there is a good chance that you may have been mis-sold PPI. Not only did these accounts generally have huge interest rates, but the cost of their PPI offering was also often off the scale in comparison to that of say a standard credit card. You could expect to pay 65p-75p per every £100 of account balance on your average credit card. With some catalogue accounts this hit as much as £2.50 per £100 of cover.

The high cost of the PPI, along with astronomical interest rates, often above 30% means that even if you were used to having balances of just a few £hundred, you may be due considerable compensation.

Here are just a few names that you might recognise – Littlewoods, Studio Cards, Freemans, Great Universal, Shop Direct, Very and Simply Be.

PPI mis-sold on catalogue accounts can sometimes be a lot harder to claim as simply the companies involved, did not generally fall in the line of regulation going back from the FCA in January 2005 and in turn the GISC and ABI back, ultimately to December 1989.

That’s where the expertise of the team at Beat the Banks comes in. We have hundreds or years of experience and all our claims experts were former bank lending managers. If you would like to know more about how we can help you make a claim for PPI sold on your catalogue account, please call our team on 01382 200474 or 0800 193 1234.

Although the main store cards were sold by GE Capital Bank, there were many, many more in existence. All had very costly PPI cover and applied much higher interest rates than an average credit card. At Beat the Banks we are experts on claiming mis-sold PPI against all of them.

If you regularly had debit balances even in the £hundreds, then due to the cost of the Account cover and the inflated interest rates, you could be due significant compensation. The Beat the Banks team have had some incredible results for customers who have paid PPI on their store cards or catalogue accounts.

Here are just some brand names that you will recognise, along with their store card issuers –

  • Alders
  • Ann Summers
  • Brantano
  • Focus DIY
  • JJB Sports
  • Lewis’s
  • M&Co
  • Nevada Bob’s
  • Quiz
  • Selfridges

All were Creation Finance

  • Coast
  • IKEA
  • Jaeger
  • New Look
  • Warehouse
  • Oasis

All were Ikano Financial Services

  • Argos
  • Homebase
  • Oasis

All were Home Retail Group

Next

Finally, a special mention for Next. One of our favourite subjects at Beat the Banks. We have had some outstanding results for customers mis-sold PPI by Next. High-interest rates and PPI continually charged out at £1 per £100 of overdrawn balance, has meant big compensation results for customers who have held a Next account and paid PPI.

Catalogue Accounts with mis-sold PPI include

Ann Summers, Brantano, JJB Sports, Ikea, Warehouse, New Look, Nevada Bob’s, Homebase, Argos, Oasis and many more.

PPI On store cards

Was generally more than on credit cards! Debenhams PPI in later years was £1.50 per £100 of cover.

Time running out to claim against store card providers

All PPI claims need to be registered by August 2019, if you were mis-sold PPI by any store card provider you need to act now.

No paperwork, no account numbers, no details

No problem! Let us take care of everything, time is running out, what do you have to loose.

Late 1990’s Or Early 2000’s

These accounts generally have huge interest rates, the cost of their PPI offering was often off the scale in comparison to that of say a standard credit card.

Balance On Your Account

The high cost of the PPI, along with astronomical interest rates, often above 30% means that even if you were used to having balances of just a few £hundred, you may be due considerable compensation.

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