Cheltenham and Gloucester mis-sold PPI to customers. Find out if you are owed thousands of pounds before the upcoming PPI deadline.
The mis-selling of PPI has affected hundreds of thousands of people in the UK. You could be one of them and not even realise. Cheltenham and Gloucester PPI is yet another aspect of the debacle, with the former mortgage and savings provider adding PPI onto a variety of products.
PPI is a form of insurance which is used in certain circumstances if somebody is unable to pay their mortgage, loan or credit card. For many customers who were mis-sold the insurance, they were not eligible to claim on it, making it pointless. Other customers were not told the full terms and conditions or that it was optional. The banks made huge amounts of money by selling the insurance, but have paid back so much of it to customers for their wrongdoings.
It’s not the first time that customers have been discontent with Cheltenham and Gloucester. The Financial Conduct Authority (FCA) revealed that the bank is one of the top five most complained about banks for home finance. In addition to this, the FCA received 750 new cases about Cheltenham and Gloucester, of which 690 were about PPI.
If you believe you may have been mis-sold PPI by Cheltenham and Gloucester and want to make a claim, read below to find out how. Canary Claims can provide you with all the information, find out if PPI was sold without your knowledge, and even track down important documents for your claim. Read below to get started on your PPI claim.
How Was Cheltenham and Gloucester Involved in the PPI Scandal?
Cheltenham and Gloucester bank is now owned by Lloyds Banking Group, which has been heavily involved in the PPI scandal across all of its banks. Over 10 years ago, Cheltenham and Gloucester was identified as charging too much for their mortgage PPI.
In 2009, Lloyds Banking Group closed all branches of Cheltenham and Gloucester. The company name still remains, though, and all active accounts and products are now dealt with by Lloyds. This includes PPI complaints. In 2010, Lloyds Banking Group stopped selling PPI on all products, but the damage was still done. Thousands of people had already been mis-sold the insurance.
Which Products Were Cheltenham and Gloucester PPI Mis-Sold On?
Cheltenham and Gloucester PPI was mis-sold on the following products:
- Credit cards
It’s important to note that PPI can have variable names when written in a statement. It may well not be listed as ‘payment protection insurance’. Other names include payment protection cover, loan care, or protected payments scheme. It’s important to check for anything which could be perceived as insurance.
How Can You Make a Cheltenham and Gloucester PPI Claim?
If you would like to make a claim against Cheltenham and Gloucester PPI, you can contact Lloyds Banking Group. However, many consumers find working with a leading PPI claims company, such as Canary Claims, to be the best option for a PPI claim. Our expert team handle all communication with the bank and keep you updated every step of the way. Making a claim is hassle-free and we offer our services on a no win, no fee basis. This means you won’t pay us a penny if your claim unsuccessful, taking the financial risk away from pursuing a claim.
If you no longer have the paperwork from your Cheltenham and Gloucester account, we will be able to find this information for you. If you do and you’ve found that PPI was added without your knowledge, we will be able to contact Lloyds and make a claim on your behalf. It’s important to start your claim as soon as possible due to the recently imposed deadline for making PPI claims, which is set for August 2019.
Canary Claims offers PPI claims management for an incredibly low fee: only 15% + VAT (18%). Join thousands of happy customers who have received their Cheltenham and Gloucester PPI refund by working with us today and getting back the money you deserve.