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Barclays PPI compensation pot rises
Barclays have today confirmed that they are having to set aside more money to compensate customers for the mis-selling of Payment Protection Insurance (PPI).
The additional £150m added to the Barclays PPI compensation pot is becoming something of a regular occurrence.
In fact the Barclays fund, which includes claims against Barclaycard, has increased by almost £1.5bn in under a year, taking it beyond the £5.5 BILLION mark.
When will it stop?
Like many banks and lenders Barclays initial estimates of how much the biggest financial scandal to hit the UK were way off the mark.
Indeed some so called city experts continue to claim that the end is nigh, despite clear indications that the compensating of innocent customers has years left to run.
Our estimations show that up to 7 million customers have still to come forward, with the majority of these still unaware that they’ve had PPI added to their finance agreement(s).
More bad news for Barclays
In addition to the £150m being added to the Barclays PPI compensation pot, the troubled bank has also confirmed it has set aside £800m by way of compensation for rigging the foreign exchange rate.
From LIBOR rigging to foreign exchange rate rigging, from mis-selling PPI to mis-selling Packaged Bank Accounts, it is becoming apparent that if it is possible to cheat and manipulate in order to rake in profits our banks are more than willing to do so.
Despite the fines and compensation bills rising Barclays did achieve £1.3bn in profits for the first three months of the year, which begs a question…..who have they ripped off in order to generate these profits, and why aren’t the regulators fining the bank more to deter them?
Have you had PPI?
PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.
Not sure whether you’ve been sold PPI?
Our fast and comprehensive checking systems that have been set up with almost all banks allows us to find out whether you’ve been one of the millions who have had PPI.
Not sure whether you qualify? Check here to see whether you may.
Our average successful customer award is £3,332**!
Want to know how much you may be owed? Why not try our PPI calculator.
Making a Barclays / Barclaycard PPI Claim
If you have had a loan, mortgage, car finance or credit card with Barclays or Barclaycard within the last 25 years 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 Barclays 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!
Barclays PPI compensation pot
