MBNA PPI Claims
MBNA PPI Claims
If you took out a loan or credit card with MBNA between 1985 and 2010 then there’s a good chance you have been paying for PPI. Even if the credit agreement is still running then you can make a claim. We make claiming easy by ensuring you don’t have to deal with the stress of paperwork and bank tactics designed to complicate the process and help them to avoid paying the compensation that is rightfully owed.
Starting your MBNA PPI claim
There’s two ways you can start your claim:
- Fill in the ‘Start Your Claim’ form on this page. We’ll send you a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we’ve provided, we’ll make a start on your MBNA PPI claim.
- 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.
If you have any questions we have experts ready to help. Just give us a call, send us an email or use our live chat facility.
About PPI & Our Service
Payment Protection Insurance (PPI) was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.
If you’re not sure whether you’ve been sold PPI then we can check for you without you having to provide any account numbers or paperwork. We have electronic systems set up with almost all banks and lenders so we can check all your past and present agreements. Click here to see if you qualify for a claim.
Want to know how much you may be owed? Try our PPI calculator.
MBNA PPI Claims & Brief History
MBNA w[JC2] as founded in 1982 and was initially known as Maryland Bank National Association, and was acquired by the Bank of America in 2006. At the time of the merger, MBNA owned or managed over $122.5 billion in credit card debt. They led the industry in developing a way to securitise credit card debt, which allowed MBNA to grow at an unprecedented rate.
The company has also come under fire for some of its business processes, including the way in which it allocated payments when a customer is being charge varying rates of interest.
MBNA are the largest provider of credit cards in the world and mis-sold vast amounts of PPI for profit. MBNA have been one of the front runners in mis-selling of Payment Protection Insurance in recent times.
It’s also clear that MBNA have not been handling claims fairly. A staggering 80% of MBNA PPI claims that the bank rejected were found to be unfairly rejected by the Financial Ombudsman Service. MBNA have already set aside almost £25 billion for PPI refunds and compensation.