Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI claim: Are banks upholding PPI claims?

PPI refunds may be harder to come by than previously thought, with reports suggesting banks are rejecting complaints.

The Daily Telegraph reported the Financial Ombudsman Service (FOS), which deals with cases rejected by banks, is still upholding the majority of grievances.

"If claims were being resolved in the first instance, it would be better for everyone concerned," a spokesman for FOS told the newspaper.

The revelation comes after it was revealed the PPI scandal is turning out to be the biggest case of mis-selling in British history.

A report from the Financial Conduct Authority (FCA) found that PPI is still the subject of the largest volume of complaints out of all banking products.

In the second half of 2012, complaints were up by five per cent, compared to Q1 and Q2.

Current accounts have also been identified by consumers as one of the main areas of complaint, taking second place on the FCA's grievance list.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801575948-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide