Citi PPI Claims – Another culprit
We now know that during the 1990s and 2000s that our banks and other financial institutions were mis-selling Payment Protection Insurance (PPI) on an enormous scale.
Banks were shockingly selling this insurance to customers, not for the benefit of the customer, but for the benefit of the bank, such were the astronomical profits in selling what, in many instances, was a useless product.
Whilst the insurance was designed to cover repayments in the event of accident, sickness or redundancy, a shockingly high number of consumers found that when they attempted to make a claim they were not eligible, thus rendering the insurance useless.
CitiFinancial are one of a long list of culprits and, if you ever received financial assistance from CitiFinancial, this article could help you make a Citi PPI claim.
Citi – who are they?
CitiFinancial is part of Citigroup Inc. or “Citi” as it is often referred to.
Citi is an American financial services corporation, headquartered in New York. CitiFinancial were, until recently, responsible for handling Citi’s loans.
Today, CitiFinancial no longer provide this service and responsibility for existing loans has been transferred to a third party.
However, there were hundreds of thousands of customers who arranged loans through CitiFinancial during the period when the malpractice of mis-selling PPI was commonplace.
Undoubtedly, therefore, there are many thousands of customers who are victims of PPI mis-selling and deserve compensation.
CitiFinancial – don’t take “no” for an answer
If you thought that when news of this PPI scandal broke, that banks readily compensated their customers, you are wrong!
The Financial Ombudsman Service (FOS) are responsible for settling disputes between banks and their customers claiming PPI, if agreement cannot be reached between the customer and the bank.
In 2012, the FOS were receiving PPI complaints at a rate of 400 every hour, and are still receiving over 5000 a week today!
Of the claims initially rejected by Citi, where the claimant chose to appeal to the FOS, a shocking 93% were found in favour of the customer. For this reason, you should not take “no” for an answer.
Make your claim
If you think you may have been mis-sold PPI by CitiFinancial, then Your Money Claim can help you to make a successful Citi PPI claim.
Our fast track system means we can gather all the information relating to your accounts and decide whether or not you may have a Citi PPI claim.
You do not need to provide any paperwork, or even remember your account numbers in order to make a PPI claim – we’ve made it easy!
So start your Citi PPI claim today by completing our easy online claim form, or downloading a pack.
Our expert advisers can be contacted by phone, email or our live chat to answer any queries you may have.