ppi claims deadline
29th august 2019
fscs PPI CLaims
The Financial Services Compensation Scheme (FSCS) Payment Protection Insurance (PPI) department is a separate department who handle FSCS PPI claims. The Financial Services Compensation Scheme consider PPI claims against Lenders and Brokers who have been declared in default because they have ceased to trade or cannot afford to pay compensation.
However, the FSCS will not consider PPI claims if you took out PPI before 2005 and in some cases 2004.
FSCS PPI claims are different from making a normal PPI claim to a Lender who is still trading. Before the FSCS will consider your PPI claim, they must receive evidence you took out PPI and further evidence proving who advised you to take out PPI. If you are unable to provide the FSCS with this evidence, they will not consider your PPI claim. Therefore, the process can be quite lengthy and some people give up.
We specialise in pursuing FSCS PPI claims. We are extremely familiar with how to obtain the evidence the FSCS require to consider a PPI claim and how to Win FSCS PPI claims.
All PPI claims must be made prior to the 29th August 2019 deadline. Consumers do not have to use a claims management Company to complain, they may make their own complaints, use the Financial Ombudsman Service or the Financial Services Compensation Scheme, free of charge. However, we specialise in helping people who were mis-sold PPI receive compensation from the FSCS. You will be covered by our No Win No Fee* Guarantee, which means if you did not take out PPI or if you do not receive compensation, you will not have to pay a fee.
HSBC who owns EPF sets aside an extra £352 Million to pay out PPI on top of the £2.46 Billion already set aside. Sky News estimate the Banks PPI mis-selling bill will be more than £22 Billion. The FCA is forcing lenders re-open over 2.5 Million PPI cases. The RBS Natwest group sets aside a further £100 Million taking their PPI provision to £3.3 Billion. £22 Billion is set aside by Banks to compensate for PPIBarclays sets aside a further £170 Million taking their PPI provision to £5.02 Billion. FCA confirm mis-selling PPI bill totals over £352 Million in September 2014 alone.HSBC who owns EPF sets aside an extra £352 Million to pay out PPI on top of the £2.46 Billion already set aside.