You could be owed money from Alliance & Leicester due to mis-sold PPI. Find out how to start your PPI claim now before it’s too late.
Alliance and Leicester were very much involved in the PPI misselling scandal. Thousands of customers are owed compensation for PPI which was sold to them without their knowledge or consent.
In 2008, Alliance and Leicester was bought out by Santander. However, even after the buyout, it is still possible to make a PPI claim against the bank.
You must start your PPI claim as soon as possible because the Financial Conduct Authority (FCA) has announced a deadline for claiming mis-sold PPI. All claims must be made by 29th August 2019. Any claims submitted after this date will not be eligible for refunds.
Two years may seem like a long way away, but the time will pass by quickly and PPI claims can take time to be resolved, so don’t miss out. The banks will likely be receiving a lot of PPI claims now that the deadline has been announced, so to ensure you’re not lost in the shuffle, swift action is needed.
PPI claims are simple with Canary Claims and, to get you started, we’ve put together some answers to questions you might have about Alliance and Leicester PPI.
How was Alliance and Leicester PPI Mis-Sold?
Alliance and Leicester was one of the first banks to be fined by the FCA for misselling PPI to customers between 2005 and 2007. In 2008, the bank was made to pay £7 million.
When selling customers PPI, it was not made clear that PPI was optional. Many customers were sold the insurance without being asked the proper questions to decide if the insurance was necessary and relevant to them. Around 210,000 people were sold mis-sold PPI by the bank.
Any outstanding accounts with Alliance and Leicester and money owed to customers are now paid by Santander. The banking group has set aside £1.5 billion for PPI claims.
This means that thousands of people are owed money and if you haven’t already made a claim, you should do so as soon as possible.
What Products Were Alliance and Leicester PPI Mis-Sold on?
If you bought one of the following products from Alliance and Leicester, you could be owed PPI:
- Credit cards
PPI insurance might be listed with a different name, so check for any extra insurance on a statement which you are unsure about. Even people who never thought they bought PPI found out they had indeed bought it or it was added to their product. It is always worthwhile to check.
How Can You Claim Back Alliance and Leicester PPI?
Making a PPI claim with Canary Claims is simple. We will contact Santander for you and make an Alliance and Leicester PPI claim on your behalf. Some necessary contact details and information about the account will be required in order to make a claim.
However, even if you do not have all the necessary information about the account, it is still possible to make a claim. If you know that you bought a loan, mortgage or credit card from Alliance & Leicester, we are able to find out if PPI was added to your product.
Our team are dedicated to making sure everybody can make a claim before the PPI deadline. A claim can take three or four months to resolve, which is why it’s important to start as soon as possible.
Canary Claims offers a low fee of 15% + VAT for PPI claims and a no win no fee PPI service. This is why we are one of the very best PPI claim companies to work with to get back the money you deserve. Enquire online today or call us on 0800 634 8668.