1.5 million people reclaim PPI from Barclays

1.5 million people reclaim PPI from Barclays

October 16, 2017

 

Over 1.5 million customers have made claims against Barclays for mis-sold payment protection insurance (PPI), with the average pay out worth £1,808, according to the bank’s end of year accounts, published today

 

Barclays’ accounts state that it has tried to proactively contact 680,000 customers regarding PPI policies, but only a quarter of customers (28%) have replied.

 

And don’t think the issue just affects Barclays’ customers. Lloyds and RBS published their 2015 PPI claims figures last week, revealing they’ve put aside more than £20 billion to repay customers – equivalent to more than £300 for every person in the country.

 

 

Source:

Tom Wilson

MoneyWise

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IronStone Legal is a trading name of Demirtas Finance Ltd, Registered in England and Wales number 07975646.
Authorised and regulated by the Financial Conduct Authority as a claims management company number 838139. 
Regulated by the Information Commissioners Office in Respect of the Data Protection Act 2018 number: Z3119423

*Fees may apply for cancellations outside of the 14 day cooling off period, calculated on an amount of work completed basis as stated in our TCs. No cancellation fees payable by you if you cancel within the 14 day cooling off period. We charge 35%+VAT (42% including any VAT) for mis-sold financial products and services.

± Before any deduction for 182 claims resolved 6 months prior to 14/02/2018 across multiple different services.