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Thousands Are in Line for New PPI Payouts

When the first wave of PPI claims were made, many of the banks, building societies and credit providers decided to play hard-ball with claimants. In a large number of instances, they claimed they didn’t have records pertaining to previous transactions, for example. Sad to say, several of these assertions proved to be little more than blatant lies, made in a bid to avoid paying the compensation that was due to their customers.

We at Beat the Banks have since handled a huge number of successful claims that were in fact repeat claims, made again after originally being told they wouldn’t be receiving a pay-out because the relevant records didn’t exist. With our help, the justice those former customers sought finally arrived. If you feel you could be in a similar situation, why not contact us today on 0800 193 1234?

That unhelpful and misleading response from many lenders only served to exacerbate the harm caused by the PPI scandal. At one time, we genuinely trusted our banks and building societies to give us honest, reliable guidance, but it seems that has now changed completely. There was one reason and one reason only for their attitude change: profit.

The lending boom that got under way in the late 1980s turned our once-trusted financial institutions into greedy, sales-driven machines that, to put it simply, decided to put money before reliability. The profits from Payment Protection Insurance were huge, and in the race to grab a larger slice of market share they decided to sell on an industrial scale, often to customers who didn’t want or need PPI in the first place.

It’s time to try, try and try again now

With more and more customers claiming again after they were originally told they wouldn’t get compensation, and with the PPI deadline fast approaching, the lenders are swamped with claims. Many of them now employ whole departments purely to deal with cases, working round the clock to try to clear a backlog that just seems to get bigger.

The specialists at Beat the Banks have many years of experience in the financial sector, and as such we feel we’re in the ideal position to help the public to finally get the justice they deserve. We refuse to be fobbed off with excuses from lenders, and we always – unlike most other claims management companies – look for the full lending history of our clients. We’re interested in the big picture, not the quick win.

During the lending boom and right through to the wave of PPI claims that came in later, many of our most famous high street banks have behaved appallingly in their attitude to their former customers. They have often done all they could to avoid companies such as ours getting to the truth, and have regularly obstructed investigations that looked into their behaviour. While some might have been put off, this has only made us more determined to do all we can to obtain justice.

If you had a bank loan, a credit card, a mortgage or just about any other financial product during the lending boom, there is a very good chance that a PPI policy was part of the deal. We would love to hear from you if this was the case, so use our simple online contact form or call 0800 193 1234 to see if anything can be done. The PPI deadline is on its way, and after that there will be no new claims heard, so now is the time to get in touch. We look forward to hearing from you very soon.

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