UK banks have allocated £9 billion for the rise in Payment Protection Insurance (PPI) claims.

Since the Judicial Review in April 2011, Payment Protection Insurance claims have hugely increased. UK banks have allocated £9 billion to settle PPI claims. UK banks have massively mis-sold PPI to customers over several years, alongside credit agreements for car finance, credit cards, mortgages and loans. Now that customers have become aware of the mis-selling, they are claiming their money back.

Banks like HSBC, Halifax, Barclays, NatWest, Lloyds TSB and Blackhorse are some of the financial organisations which have hugely mis-sold PPI to customers. These banks have allocated the massive amounts for PPI claims.

If you have been mis-sold any of the above by any of theUK banks then you may be owed some money.

Sally Bowyer, Managing Director of Brunel Franklin said: “Everyone accepts that banks provide a valuable service and are entitled to make fair and reasonable charges for services. But people shouldn’t be sold PPI without being furnished with the full facts. PPI mis-selling cases serve as timely reminder of how careful we all need to be when taking out new loans and other credit card agreements.”

Learn more about PPI refunds and find out if you could apply for a refund today! Visit the website www.brunelfranklin.com or call Brunel Franklin, free, on 0800 051 54 51.