31 December 2018
Don't be in any doubt - 2019 is the year that compensation for PPI policies mis-sold before the Summer of 2017 comes to an end. If you wait until after the 29th August 2019, you won't be able to claim your money back.
You could miss out on potentially thousands of pounds of YOUR money being lost forever. But how this saga start? Why did the PPI mis-selling scandal become such a thorn in the side of banks, lender and the financial regulator?
No one would have thought that back in the mid-1990s when concerns were first raised about PPI, that in 2018, the PPI compensation total would be standing at over £33 billion. And the total is still climbing.
Vince Cable raised a variety of concerns regarding PPI in the House of Commons including how PPI was sold, the expense of the policy and the complexity of the claiming process, as well as the low payout rate of successful PPI claims.
There were complaints and super-complaints from leading organisations such as 'Which?' until finally, on referral to the now-defunct Competitions Commission, it was found that the selling of PPI was unfair.
What followed was more wrangling, with legal arguments and judicial reviews. But, after one ruling the banking industry and its representative backed down - and the PPI compensation floodgates opened.
By now, the PPI saga was nearing the end of the first decade of the 21st century. In January 2011, the first PPI compensation payments were made.
There have been several twists and turns in the PPI story;
The PPI deadline is August 2019. But, don't wait.
There is no need to wait. All you need to do is find the documentation that shows you have PPI and then call Scottish PPI Claims. With a high success rate, we can help you claim the money you are entitled - and before the August 2019 deadline.