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Sainsburys PPI Claims – An insight
Sainsbury’s was the first of the major British supermarkets to provide financial services.
Sainsbury’s Bank began trading on 19th February 1997 and was launched as a joint venture between Sainsbury’s and the Bank of Scotland, which later became part of the Lloyds Banking Group.
Sainsbury’s Bank has over one million active customers who are provided with a range of financial products including credit cards, savings, insurance and loans.
In mid-2013 Sainsbury’s declared its intention to buy the 50% share owned by Lloyds Banking Group and become a wholly owned subsidiary of J Sainsbury’s plc.
This deal was completed on 31st January 2014.
Sainsbury’s – Which? research highlighted the problem
A 2004 study conducted by the consumer group Which? found that banks were acting dishonestly when selling PPI.
Little consideration was shown to the actual needs and circumstances of the customer.
In the specific case of Sainsbury’s Bank, Which? researchers were told “We strongly recommended that you take the cover”. Such comments constitute mis-selling because undue influence is placed by the bank onto the customer.
The evidence of PPI mis-selling compiled over a number of years by Which? was documented and is now published on the UK Parliament’s website.
Sainsbury’s Bank – close ties to the biggest offender
Until very recently, Sainsbury’s Bank was half-owned by Lloyds Banking Group, which also owns Halifax, Bank of Scotland and Blackhorse to name a few.
Lloyds Banking Group is by far the biggest offender of any bank in the UK when it comes to mis-selling PPI, with their bill alone standing at an eye watering £11.3 BILLION at the time of writing this.
Make your claim
If you have had a loan or credit card with Sainsburys there’s every chance you’ll have been paying for PPI.
We’ve made claiming easy, taking the stress out of you having to deal with the paperwork, the stress, and the tactics employed by the bank to try and wriggle out of paying.
So….how do you start your claim?
#1: The first option for you is to fill in the form which can be seen on every page. By doing so, we will send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we send you with your form, we can make a start on your Sainsburys PPI claim.
#2: The second option for you is to download our form, which again can be found on every page by clicking the ‘download pack’ button. Simply print it out, complete it and send it back to us, our address can be found here. Once we receive is back we’ll let you know and make a start.
Our team of experts are on hand to answer any questions you have via telephone, email or our live chat facility.
So….why wait, let’s get started!
Sainsburys PPI claim
