PPI claims and Lloyds Bank

Recently Lloyds bank were one of the very first banks to start the court procedures to cease people obtaining back their ppi claims and considering that the banking institution lost the case they have suddenly had a change of heart and said they will contact individuals directly to discuss their PPI situations and make refunds.They have also began to attack claims management organizations who act on behalf of customers in missold ppi situations and stated they can go direct and claim by their self which has often been the case but why have Lloyds taken this stance? Is it simply because they have one thing to hide? In my opinion they have so let’s look at some of the tiny print and why Lloyds bank do not wish you to use a claims management provider.

Nicely Lloyds have stated they will get in touch with just about every customer who is technically right but what they also fail to say in the identical size print is they will contact each customer they really feel may have been a victim of mis sold ppi. So ask your self this question would you trust them to contact every single single customer who they really feel may have been missold? Definitely not why would you they were one of the banks that challenged unfair bank charges on customers they had been one of the 1st in line to challenge the FSA on their PPI decisions and now want to keep claims management businesses away from their claims.

Why do they want to do this is it because they want the client to get 100% of compensation or to maintain claims management organizations away and attempt and put some out of small business since they have other issues to hide.Ask your self this do Lloyds do your banking cost-free of charge or do they supply credit cards and loans with % finance on them? So why are they not wanting claims management corporations to be paid for their services when submitting ppi claims for customers, there can only be 1 reason they have extra to hide and do not want it uncovered by claims management businesses.So what could they possibly have to hide? Well they might be afraid that the claims management organization may well challenge the credit card agreements, is your loan agreement correct or can this also be challenged and are they are afraid that other goods will be investigated in the future and attempting to close claims management firms down? I believe all 3 have a enormous bearing on their choice to advertise nationally that customers can claim back their ppi by themselves.Don’t let Lloyds bank put you off utilizing a claims management company as quite a few firms will make your ppi claims on your behalf for as small as 15% success fee.

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