The average claim is £2,750 and the bank has put aside £3.2 billion which equates to 1.64 million PPI policies. This demonstrates the immense scale of mis-selling that Lloyds TSB has been involved in.

You may indeed be the victim of a mis-sold policy. Should you have taken out a credit agreement for mortgages, loans, credit cards or car finance in the last 10 years with Lloyds TSB, it is very likely that you have been asked if you wanted PPI or it was put onto your loan agreement without your knowledge. PPI is usually called LPI or Loanguard Protection Insurance by Lloyds TSB; when sold, it is provided to you as an extra loan on top of your initial loan you are requesting. This then is added onto your overall debt and APR, immediately and drastically increasing your debt.

“In all cases is the responsibility of the vendor to ensure the policy they sell is the right one for you at the time of sale. If you didn’t realise exactly what you were being sold and you have been paying for PPI premiums that weren’t fully explained, there is a chance you may have been mis-sold a policy,” concluded Sally Bowyer, Managing Director of Brunel Franklin

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.