Nationwide Building Society PPI claims can be made with Canary Claims. We’re here to help you make a claim within plenty of time before the deadline.
There is now less than 18 months left until the imposed PPI deadline. The Financial Conduct Authority (FCA) decided that a deadline should be put in place to encourage people to make a claim, rather than to keep putting it off. The deadline has been set for 29th August 2019.
Payment protection insurance (PPI) was mis-sold to millions of customers in the UK on products such as loans and credit cards. The banks have repaid millions of pounds to customers and have needed to employ extra staff to deal with the huge surge of claims.
Since 2011, banks and building societies have repaid nearly £30 billion to customers. There is a high chance that this figure could reach £40 billion as the deadline gets nearer.
The banks have shelled out even more money for the PPI deadline campaign. They’ve contributed £30 million to the £42 million campaign, fronted by none other than Arnold Schwarzenegger.
We encourage people to start their Nationwide PPI claims as soon as possible to beat the rush before the imposed deadline. With many banks and other lenders under pressure to pay back customers, Nationwide PPI claims will be made alongside claims from countless other businesses as the deadline edges closer.
Read our guide below to find out how Nationwide Building Society PPI claims could mean you’re owed a large sum of money.
How did Nationwide Building Society Mis-Sell PPI?
It wasn’t just the banks that were involved in the PPI saga, but building societies too. In 2012, the mis-selling of PPI had a damaging effect on Nationwide, as its profits dropped by nearly 50%.
PPI was sold with Nationwide’s mortgages, personal loans, and credit cards. If you had any of these products, you may have been mis-sold PPI. Even if it was 20 years ago, you may still be able to make a claim if you can find the relevant proof that PPI was mis-sold.
How to Claim Back Nationwide PPI
As a reputable and experienced PPI claims company, Canary Claims is able to make a claim on your behalf. This means you don’t need to contact Nationwide yourself. Our team of experts can even uncover if you did have PPI, despite having no paperwork to assist them. All we need is a few details from you.
The first step to making a PPI claim is checking that you did buy PPI. You can find this information on previous statements from Nationwide. Depending on the product you bought, it might be phrased slightly differently on paperwork. It could be listed as loan care, mortgage protection cover, or mortgage payment protection. If you cannot find your paperwork, contact a claims management company, independent creditor, or — if it was less than six years ago — your bank.
If you identify PPI on your statement but believe that it was mis-sold, you can make a claim. The insurance could have been mis-sold in a number of ways. For example, did they ask you about your employment? PPI couldn’t be sold to those who were self-employed, so this could well be grounds for your case to be made.
After Nationwide has been contacted, the bank will send a letter acknowledging that it has received your claim. Nationwide should then reply within eight weeks with a decision. However, it can take longer, especially if it is dealing with a large volume of claims.
We’ve found that, in some cases, a claim can take up to six months to be resolved. This includes time for finding all the paperwork or uncovering if PPI was added to your financial product. If you are unsuccessful with your PPI claim, you can refer the case to the Financial Ombudsman (FOS).
Start your claim now to make sure that you don’t miss out on claiming back Nationwide PPI.
Canary Claims offers an incredibly low service fee of only 15% (18% including VAT) and a no win, no fee policy. Don’t put it off any longer. Find out if you can make a Nationwide PPI claim today.