Royal Bank of Scotland (RBS) has set aside £1 billion to deal with PPI claims, since the Judicial Review in April 2011. RBS mis-sold Payment Protection Insurance (PPI) over a 10 year period, and now consumers are wanting their money back.
PPI is designed to cover a persons repayments in the event of injury, redundancy or sickness and will cover the repayments for up to 12 months. This sounds like a useful policy to have, but millions of customers did not want or need PPI and were told it was compulsory. This is mis-selling and was a determining factor in the Judicial Review that ruled banks had unfairly sold Payment Protection Insurance (PPI) to customers for years.
If you have had a credit agreement with RBS in the last 10 years, then it is more than likely you will have been either offered PPI or sold it. Meaning that you are paying for an expensive policy.
“Chasing a vendor can be a difficult and time consuming process to undertake with no support or technical knowledge, and this is where Brunel Franklin comes in. We would encourage anyone who believes they may have been mis-sold a PPI policy to talk to us, as a quick initial assessment is usually enough for us to decide if you have grounds for a refund,” said 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.
