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300,000 PPI Claims Rejected by Banks - Do Not Be Fobbed Off
300,000 PPI Claims Rejected by Banks - Do Not Be Fobbed Off
Banks will do their upmost to fob off PPI claimants - don’t allow them to reject your PPI mis-selling claim
Woodbridge,
Suffolk,
United Kingdom
(prbd.net)
21/07/2010
"On average, a successful claim to FOS results in a £3,000 payout and if you fully calculate the implications of this, the banking sector is saving a staggering £700 million in claims. "
A few more staggering facts have been published by the Daily Mail that make worrying reading for anyone making a PPI claim. There are more than 300,000 claims made annually to reclaim mis-sold PPI that are rejected outright by the banks themselves. Now is the time to stand up to banks and make a PPI claim and PPI Return can handle your claim on your behalf as you are probably in a good position to make a claim - despite any bank’s refusal to cooperate.
The Daily Mail believes that these claims are immediately rejected by banks – despite their legitimacy - as the banks know that only 16% of those will rejected will take their claim further with the Financial Ombudsman Service (FOS). If these figures are correct then the banks are holding on to consumers’ money in 84% of cases simply by flexing their considerable weight and bullying claimants from pursuing what is rightfully theirs.
The Daily Mail reports that the banks initially respond with a standard letter stating that a PPI claim is unlikely to be successful. This letter works to deter 84% from pursuing their claim. Why do banks reject PPI claims so quickly? It’s a simple answer that further muddies the financial sector’s reputation and is purely financially driven with no consideration for consumer rights. Banks know that consumers will be scared off by this letter and this is their ultimate plan as they also know that when a case is carried through to FOS, 9 out of 10 cases are upheld and compensation is forced.
On average, a successful claim to FOS results in a £3,000 payout and if you fully calculate the implications of this, the banking sector is saving a staggering £700 million in claims.
PPI Return have many years in dealing directly with banks and claiming back mis-sold PPI. As PPI claim specialists they work on a truly no nonsense approach and can stand up to banks in their refusal to hand over PPI compensation. PPI Return’s experience allows them to quickly and effectively evaluate the legitimacy and strength of a claim and follow through a claim to completion.
ABOUT
PPI Return is one of the UK’s leading PPI claims law firms with a wealth of experience and highly qualified legal advisors.
PPI Return is dedicated exclusively to helping clients regain mis-sold Payment Protection Insurance (PPI) payments. There are many thousands of people in the UK who were either mis-sold PPI or not informed of how the PPI worked when taking out loans. PPI Return works to correct this wrong doing and works on a highly competitive fee basis. PPI Return provides an online ’60 Second Test’ where you can quickly assess if you are entitled to make a claim for mis-sold PPI in addition to Web Chat with PPI Claim specialists.
CONTACT
PPI Return
Mersey Chambers
5 Old Churchyard
Liverpool
L2 8GW
Tel: 0800 877 8888
info@ppireturn.co.uk
PPI Return
About
Express Watches was launched in the summer of 2009 with the goal of supplying Seiko branded watches at discounted prices. As an authorised stockist of Seiko watches, Express Watches holds all items in stock providing a quick and efficient transaction and high level of customer service.
Deliveries are fully insured and Express Watches has the solid backing of their sister company - Ashleigh Jewellers of Woodbridge – who have successfully traded as a traditional 'bricks and mortar' shop for ove
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