01254 82288001254 822880
May 19, 2017 
Your Money Claim Earlier today we brought you news of the Barclays PPI bill increasing by £600m.
This wasn’t the only big news following the release of Barclays quarterly figures to the city.
The much troubled bank has also announced its first amount of money set aside specifically to compensate customers for the new mis-selling scandal, packaged bank accounts (PBA).
Many banks are trying their utmost to keep a lid on the mis-selling of PBAs, for fear of another scandal in the mould of PPI.
Unfortunately it appears their efforts will be in vain, as momentum grows in this new area of banks cheating their customers.
This first addition to the Barclays PBA compensation fund, takes the overall PBA bill for the banking sector to £538m.
In the grand scale of things this is tiny compared to the almost £30bn set aside for PPI, but this is a relatively new area of claim and it’s only a matter of time before it takes off.
There are approximately 10 million PBA’s that remain active today, and with potentially millions more that have been closed.
Packaged Bank Accounts attract a regular monthly fee, generally between £5 – £30, in exchange for various products such as mobile, travel and breakdown insurance, to name a few.
Much like PPI, it appears banks have abused their position to mis-sale these accounts in order to generate obscene profits at the expense of their customers.
Not sure whether you qualify? Check here to see whether you may.
Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your Barclays Packaged Bank Account claim.
Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.
Our 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 PBA Compensation Fund receives £250m
September 21, 2016 Your Money Claim First up in the season of quarterly bank reporting is Barclays.
Once upon a time these points throughout the year was an opportunity to strut their peacock feathers, and shout from the rooftops just how much profit they’d made, thus enticing more and more shareholders.
Whilst there is still a small amount of this going on, it is also the time for banks to announce more compensation to be set aside for their never-ending misdemeanors.
In Barclays latest figures they’ve confirmed they have had to set aside a further £600m for the Barclays PPI compensation bill in order to compensate customer for the huge mis-selling scandal.
This addition takes into account Barclaycard‘s share of the compensation payouts.
Overall we have edged closer to the £30bn mark, with the total bill now standing at a colossal £29.2bn when taking into account the smaller banks and lenders.
We previous brought you news of rumours emanating from the Lloyds Banking Group which suggests they will be adding £1bn later this week to their PPI compensation bill.
This would see the £30bn mark surpassed before the end of the week.
In the early days the so-called city experts suggested a final PPI bill of £25bn.
We have always dismissed this as a wish rather than a true estimation.
After all, these banks must attempt to keep their shareholders happy, even if it does mean being somewhat economical with the truth!
With £50bn worth of PPI policies being sold, the final bill will depend on a few factors, the main two being….
Our estimation suggests the final PPI bill will be closer to £40bn.
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.
Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your Barclays PPI claim.
Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.
Our 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 bill up £600m
September 21, 2016 Your Money Claim As we head towards the season in which banks and lenders announce their quarterly targets, we expect the PPI bill to increase further.
The biggest culprit in the PPI mis-selling scandal is the Lloyds Banking Group, incorporating Lloyds, Halifax, Bank of Scotland and Blackhorse.
The Lloyds Banking Group’s quarterly figures are set to be announced on or around 31st July.
Whilst it is yet to be confirmed we are hearing rumours that the latest addition to the Lloyds PPI compensation bill could be a staggering £1 BILLION!
If this figure is correct it would stand the Lloyds Banking Group fund at £13.8 billion.
This addition would also edge the overall PPI bill closer to the £30bn mark, given it is currently sat at £28.6bn.
We recently brought you news of the biggest ever fine to date being handed to the Lloyds Banking Group due to their serious failings in handling complaints.
This latest news will no doubt be a further indication that the huge scandal still has years left to run.
Much as in 2014, Lloyds announced in the first quarter of the year that it did not intend on adding further compensation to its bill.
This prompted so called city experts claiming that the PPI saga was coming to an end, much to our disagreement.
It appears we were correct and we look forward to the next couple of weeks when the major banks release their figures and the PPI compensation fund edges closer to the £42bn we believe it should be.
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.
Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your Lloyds PPI claim.
Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.
Our 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!
Lloyds PPI compensation bill
