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.
People who took out Paragon PPI (Paragon Payment Protection Insurance) with their Paragon Loans may now be entitled to make Paragon PPI claims, as long as they claim before the August 2019 deadline.
Unfortunately, if you took out Paragon PPI before October 2004, you will not be able to make a PPI claim against Paragon because they were not regulated before this date.
Paragon Loans were for usually large amounts. Therefore, successful Paragon PPI claims can result in borrowers receiving compensation awards of several thousand pounds and for borrowers who are still repaying their Paragon Loan, their remaining monthly Loan payments being substantially reduced.
Many borrowers are unsure if they took out Paragon PPI because they have not kept their paperwork. However, if you are still repaying your Paragon Loan or if you repaid it during the last 6 years, we can normally check if you took out PPI with your Paragon Loan.
Paragon keep copies of paperwork and recorded calls which can be used prove customers agreed or even asked to take out PPI. People who use template letters to try and win their PPI Claims can often fail to prove they were mis-sold PPI. We have been specialising in making Paragon PPI claims for over 8 years. Therefore, we understand how to Win Paragon PPI claims for our Clients.
We are so confident we can help borrowers win their Paragon PPI claims we will work on a No Win No Fee* basis. Therefore, if you decide to use our service, we will seek to use all of our experience to Win your Paragon PPI claim and ensure you receive the maximum compensation possible.
All PPI claims must be made before the 29th August 2019 deadline. You do not have to use a claims management Company such as ourselves to claim, you can make your own PPI claim, use the Financial Ombudsman Service or the Financial Services Compensation Scheme free of charge. However, if you make your own Paragon PPI claim and it is rejected, we cannot help you.
Our Clients believe because Paragon PPI claims involve potentially very large amounts of Compensation, they would prefer to use a professional Company with many years' of experience to handle their Paragon PPI claims.