How much will I get charged for PPI services?
Fees vary for Payment Protection Insurance Claims. We charge 15% on all claims not the usual 25% many company’s offer. Eagle Claims offer a value added personal service and operate on no win no fee.
Our team are helpful and experienced and we fight for your justice. If you have any questions please contact Eagle Claims PPI.
Eagle Claims off advice on Which Banks Can I Claim PPI Back From ?
Nearly all Banks and High Street Banks have been involved in the mis-selling of Payment Protection Insurance – PPI Policies – including Barclays, Natwest, Royal Bank of Scotland, Lloyds TSB, Halifax and Santander. The list below has information pages and contact forms if you believe that you have been mis-sold a Payment Protection Insurance (PPI) policy.
Barclays Bank PPI Claim Back
Natwest Bank PPI Claim Back
Royal Bank of Scotland Bank PPI Claim Back
Lloyds TSB Bank PPI Claim Back
Halifax Bank PPI Claim Back
Santander Bank PPI Claim Back
If you have any questions please call us on 01522 300456 or contact us.
PPI mis-selling: Millions to receive letters
Banks are starting to write to millions of customers explaining that they might have been mis-sold payment protection insurance (PPI). These letters must be written in clear, jargon-free language, the Financial Services Authority (FSA) has ordered. The watchdog has outlined what these letters should contain, including details of a time limit for making a complaint. It said the dispatch of letters was a “key moment” in the PPI saga.
Customers will need to respond to the letters to make a claim for compensation.
Continue reading
Reclaiming PPI On Credit Cards
Many payment protection insurance policies on loans and credit cards were mis-sold meaning that plenty of people up and down the country are entitled to a compensation claim. Eagle Claims can help with reclaiming PPI on credit cards and with your credit card PPI reclaim.
The process to reclaim credit card PPI is a simple one which starts with an information gathering process. This information gathering will enable us to find out all the details for your credit card PPI reclaim allowing you to choose which you would like to pursue. All you need to do is complete three forms and fill out a simple questionnaire to get the ball rolling.
PPI Claims in 2012
UK Banks are bracing themselves for another tough year as millions more are set aside to pay for missold PPI policies. Since stopping the legal court battle against the misselling of Personal Protection Insurance (PPI) customers have been claiming back millions from UK banks and institutions. It’s been estimated that £9billion worth of payment protection was paid during that period.
In the first 6 months of 2011 nearly £500,000 was claimed alone. Customers were sold PPI policies to help protect them if they defaulted on the loan, mortgage, or credit card payments, should they be made redundant or become sick. The insurance was found to be sold to many people who would never be able to actually make a claims.
For many of the customers, the scheme didn’t work, and making a claim was almost impossible. Martin Lewis of Money Saving Expert said at the time the appeal was lost: “As much as £9billion that was wrongly taken from consumers could now be paid back – an economic boost as money from banks’ coffers will move into the pockets of real people.”
With potential billions still unclaimed 2012 looks set to another year where people claim back their PPI.
If you have paid PPI on a credit card or loan to a bank then take our quick test to see if you are due compensation.
Lloyds makes a £3.9bn loss after PPI settlements
Lloyds Banking Group has reported a £3.9bn ($6.3bn) loss for the first nine months of 2011, mainly due to the cost of settling claims for mis-selling payment protection insurance (PPI).
The pre-tax loss for the period ending 30 September compares with a profit of £2bn a year earlier.
Lloyds said that during the nine months it spent £3.2bn covering PPI claims.
Its total income for the period also fell 15% to £15.3bn, indicating a decline in business levels.
Lloyds said its latest results came against a backdrop of a weakening UK economic environment.
Continue reading
Financial complaints surge again says ombudsman
Complaints about the mis-selling of payment protection insurance have deluged the Financial Ombudsman Service (FOS).
The FOS, which deals with unresolved issues between customers and financial institutions, said it received 149,925 new complaints in the first half of the year.
This was 54% more than in the previous six months.
Nearly two-thirds of the new complaints, 98,632, were about PPI.
“This period coincided with the time when most of the High Street banks and some other financial businesses had put PPI complaints on hold, because of their legal challenge against the ombudsman service and Financial Services Authority,” said Natalie Ceeney, the chief ombudsman.
“As a result, complaints in this period about PPI were harder fought and harder to resolve – particularly if we found in favour of a consumer.”
Continue reading
Separation of retail banks ‘will take years’
The Independent Commission on Banking is expected to recommend that the government should legislate almost immediately for big banks to put a ring fence or firewall around their retail banking operations – but the implementation of the ring fence, to separate retail banks from investment banks, should then be phased in over a period of years.
The Commission, set up by the Treasury, recognises there would be great technical difficulties for big banks, such as Royal Bank of Scotland and Barclays, in insulating their retail activities, that concentrate on providing services to households and smaller businesses, from investment banking.
So they have concluded that the establishment of the ring fences should take place over a long period.
Continue reading
FSA publishes amount of redress paid to PPI complainants in first half of 2011
Hot off the press from the FSA. If you want further information on PPI Claims or if you are a potential PPI Complainant please contact us.
The Financial Services Authority (FSA) today published details of the amount of redress paid by firms during the first six months of 2011 to consumers who have complained about the way they were sold payment protection insurance (PPI).
The data shows that 16 firms, representing 92 per cent* of PPI complaints received in the first half of 2011, have paid a total of £215 million in redress between January and June 2011 inclusive. In May and June alone, following the dismissal of the industry’s legal challenge to the FSA and the Financial Ombudsman Service (the Ombudsman), £102 million was paid out.