The banks are pushing for a claims’ deadline with all the major big brands including Barclays, HSBC, Lloyds and other major financial corporations. These banks are all in trouble due to the huge numbers of individuals that were miss sold products such as income protection, and other forms of payment protection insurance, all over Britain.
Why Are the Banks Pushing For A Deadline?
This is simply because the banks want to achieve 2 things:
- They want to get themselves and their brand and good name out of trouble and disrepute with the general public.
- Because the banks’ want to save on the colossal amount of money they are having to pay out to these mis-selling victims.
So it is pretty obvious all round why barclays and the other banks are hell-bent on getting their deadline put an end to the ppi epidemic.
This is why it is advised that anyone who wants to get their ppi premiums back should think hard about putting in their reclaim request as quickly as humanly possible
Because you might miss out on the chance to do this. This is the banks’ attempt to introduce a deadline to these proceedings, which would be disastrous to the millions of people that sit there in their homes with £1000’s of pounds due to them through miss sold ppi policies and the premiums associated with them.
It is important that the public become as educated as they can about ppi and the issues surrounding it, because it is a very real issue. The banks’ have ripped millions of people off, by mis-selling them something that they don’t really need in their lives, much less should they pay for it.
There is no reason to duck away from reclaiming compensation, because there are an abundance of excellent ppi claims facilitators out there who are more than ready to assist on these claims for compensation. These companies offer fast-track reclaim services for people who want their money back in the quickest, most efficient way possible.
Don’t be worried about if the case is not a success, as there are no penalties for invalid claim submissions. Major financial corporations are delegating huge sums of money to repay the many millions of people owed compensation, make sure to stake your reclaim in as soon as you can.