 MBNA Sets Aside Millions for PPI ClaimsDespite a hold by banks on PPI claims processing, MBNA are preparing a sizeable compensation fund to cover existing and future mis-sold claims. Check to see if you can recover your portion of the pot with a valid PPI claim.
By: The WebMarketing Group Due to be introduced on the 1st December, the new guidelines are intended to prevent banks automatically rejecting PPI claims and stipulate that lenders must appropriately deal with all complaints; refunding customers where due. This is encouraging news for many MBNA PPI customers yet to make their claim. However, the FSA have stated that claims are climbing despite negative press coverage of the bank’s handling of complaints. Statistics suggest that PPI claims will persist in dominating the FOS workload and may continue to increase by 500,000 claims per year, over the next 5 years. With this accumulation of claims and the current banker freeze on claims processing, analysts predict many claimants could wait up to a year for their grievance to be resolved. PPI Return would like to reassure PPI customers that if they have insurance to cover their loan or debt repayments in the event of accident, sickness, reduced income or loss of employment; they can still complain about the method used by MBNA to sell them the policy. PPI Return http://www.ppireturn.co.uk observed that many banks have falsely insisted customers needed PPI to be approved for a loan or credit and even sold the policy without their knowledge. In some cases, sales-driven staffs were encouraged to push sales and mis-sell cover that was ultimately ineffective. PPI Return http://www.ppireturn.co.uk encourages anyone who believes they may have been mis-sold PPI under these circumstances, to get in touch. Customers can start the process of reclaiming the money that is owed to them with the help and support of legal advisors and PPI claims solicitors. The Company have a rapid assessment process that can accurately determine whether a PPI claim is valid. ABOUT PPI RETURN – PPI CLAIM SPECIALISTS PPI Return http://www.ppireturn.co.uk is one of the UK’s leading PPI claims law firms with a wealth of experience and highly qualified legal advisors. PPI Return is dedicated exclusively to helping clients regain mis-sold Payment Protection Insurance (PPI) payments. There are many thousands of people in the UK who were either mis-sold PPI or not informed of how the PPI worked when taking out loans. PPI Return works to correct this wrong doing and works on a highly competitive fee basis. PPI Return provides an online ’60 Second Test’ where you can quickly assess if you are entitled to make a claim for mis-sold PPI in addition to Web Chat with PPI Claim specialists. CONTACT PPI Return Mersey Chambers 5 Old Churchyard Liverpool L2 8GW Tel: 0800 877 8888 info@ppireturn.co.uk http://www.ppireturn.co.uk # # # PPI Return is one of the UK’s leading PPI claims law firms with a wealth of experience and highly qualified legal advisors. End
Page Updated Last on: Dec 02, 2010
|
|
