Black Horse Finance PPI was mis-sold onto many products. With the newly imposed PPI deadline, now is the time to check if you are owed money.
The upcoming PPI deadline means it’s time to make a PPI claim if you haven’t done so already. There is now less than two years to make a claim against your bank if you believe you were mis-sold PPI. All claims need to be made by 29th August 2019. In the words of Arnold Schwarzenegger: do it now!
PPI from Black Horse Finance could have been mis-sold to you, as it was one of the many banks involved in the misselling scandal. Payment Protection Insurance (PPI) was sold with a variety of products. Many customers were unaware that it was optional or that they couldn’t ever claim on the insurance (if they were self-employed, for example). Once the banks learnt that selling PPI brought in greater profits, they put pressure on employees to sell it.
If you want to find out if you were mis-sold Black Horse Finance PPI, read our guide below. We’re here to help you every step of the way with your PPI claim.
How Was Black Horse Finance Involved in the PPI Scandal?
Black Horse Finance is part of Lloyds Banking Group. The group has suffered the most from the scandal and have paid £18 billion to deal with the misselling of PPI. All of the banks in Lloyds Banking Group were misselling PPI, including Black Horse Finance.
This is why it’s important to check any previous statements to see if PPI was added. Between January and June of 2017, the Financial Ombudsman (FOS) received nearly 600 complaints about Black Horse Finance PPI. The FOS deals with complaints from customers who were unhappy with their result from the bank. They have a huge backlog of complaints and it can take up to two years for a PPI case to be resolved.
What Products was Black Horse Finance PPI Sold On?
PPI was mis-sold onto loans, credit cards, mortgages, overdrafts and store cards. If you bought PPI from Black Horse Finance, it could be listed as one of the following:
- Payment Protection Plan
- Payment Care Gold
- Payment Care Silver
- Payment Care Bronze
- Payment Care Plus
- Payment Care Select
- Payment Care Foundation
- Payment Care
- Payment Protection Insurance
How Can I Claim Black Horse Finance PPI?
At Canary Claims, we’re confident in saying we’re best PPI claims company because making a claim with us is completely hassle-free. We’ve helped countless customers make a PPI claim against Black Horse Finance — and we can do it for you too.
The first step is to find your paperwork from the product you bought with Black Horse. This should indicate if PPI was added to your product (see the list above for variations of the name of the insurance). If it was and you believe that it was mis-sold, you can start your claim.
If you can’t find your paperwork, this isn’t a problem. We are able to find out for you if PPI was added to your product. Alternatively, you can contact a creditor to find out this information.
A claim can take up to six months to be resolved and even longer if you want to refer your case to the FOS. Due to the PPI deadline, the banks are likely to be even busier dealing with complaints. Starting as soon as possible means you’re more likely to get your money sooner.
Find out if you have PPI to claim for by contacting Canary Claims. We offer a low fee of only 15% + VAT (18%) and a PPI no win no fee policy [Cancellation charges may apply only if the claim is cancelled after the 14 days cooling off period. The fee would be based on the work done at the time of cancelling at a rate of £120 per hour and up to a maximum total of £180].