Cahoot PPI could mean that you’re owed thousands of pounds for mis-sold insurance. It’s time to find out if you’re due a refund before the PPI deadline.
Cahoot is an internet banking company which is part of Santander UK, owned by Spanish bank Santander. Santander PPI was widely mis-sold in the 1990s, causing the company to pay back millions of pounds to customers.
As part of the Santander group, Cahoot PPI was mis-sold to customers, meaning UK consumers could be due thousands of pounds back in refunds. To date, the amount of money paid back to consumers between all the banks is nearly £30 billion.
To put an end to the mis-selling scandal and to encourage people to make a claim if they haven’t done so already, the Financial Conduct Authority (FCA) created a PPI claims deadline. All claims must be made before 29th August 2019. Before that deadline arrives, it’s likely that the banks will have paid £40 billion to customers.
The Financial Conduct Authority (FCA) created the deadline to encourage people to make claims who may have been putting it off. This means that if you want to make a claim for Cahoot PPI, you should start it as soon as possible.
If you’re not sure how to make a claim, don’t worry. As a trusted claims management company, the Canary Claims team are here to help you throughout the whole process and make a claim on your behalf.
How was Cahoot PPI Mis-Sold to Customers?
Cahoot provides debit and credit cards, as well as personal loans. Cahoot PPI was sold with loans and credit cards, meaning if you bought one of these, you could be due a refund. PPI was often sold as a compulsory product or even added without the customer’s knowledge. This is why it’s crucial to check previous paperwork from Cahoot.
Santander has paid £1.7 billion for the PPI scandal so far. With less than two years left before the PPI claims deadline, much more is expected to be paid to customers.
Between January and June 2017, Santander had over 2,000 cases referred to the Financial Ombudsman (FOS). This means that customers felt that their rejected claim by Santander needed to be looked at by the impartial ombudsman. Of these cases, 21% were upheld by the FOS, resulting in the consumer receiving their refund. While it is not detailed how many of these claims were from Cahoot PPI, it demonstrates the need to make a claim — and, if necessary, refer your case to the FOS.
How to Claim Cahoot PPI Before it’s Too Late
For Cahoot PPI, all claims need to be made to Santander. You can contact the bank yourself if you believe that you have a PPI claim, or to save time and stress, you can use a reputable claims management company.
Canary Claims is regulated by the Claims Management Regulator and we’re known for our excellent customer service. Working with Canary Claims means we will communicate with Santander for you, leaving you stress-free while we take care of your claim.
The first step in making a Cahoot PPI claim is to find the paperwork from your claim. This will have PPI listed on it. However, if you can’t find any paperwork, don’t worry. Canary Claims are able to find out if PPI was added to your loan or credit card. If we discover that it is, we can then contact Santander and make a claim for mis-sold PPI.
The PPI claims process can take up to six months, depending how much information is required. With people across the country considering joining the queue to make PPI claims, we urge everyone to start their claims as soon as possible before the deadline.
Canary Claims can uncover if you were mis-sold Cahoot PPI. For an incredible low service fee of only 18% (inclusive of VAT) and a no win, no fee policy, contact us today!