The clock is ticking and you could be due a refund because of Tesco PPI you didn’t even know you had. Read below to find out more.
PPI was mis-sold to thousands of UK consumers — and it wasn’t just big banks which were involved in the mis-selling. Tesco Finance got caught up in the mis-selling scandal as well. Tesco PPI was mis-sold to thousands of customers on credit cards and loans.
It’s more important than ever to check for Tesco Finance PPI, with the Financial Conduct Authority (FCA) having set 29th August 2019 as the deadline for making PPI claims. After this date, you will not be able to make a claim, so start your claim as soon as possible and don’t miss this important deadline. The banks have already paid out nearly £30 billion to customers and much more will be paid before August 2019.
One man was unaware that be bought Tesco PPI. However, he received a refund of £3000 from Tesco Finance. In this case, Tesco wrote to the customer to let him know the situation. If you’re in a position where the bank wrote to you and said that you were mis-sold PPI, it could mean that you’re faced with an earlier PPI deadline. Check now so that you don’t miss out on claiming a refund.
How was Tesco Finance Involved in the PPI Scandal?
Tesco bank PPI was sold to thousands of customers in the UK and Tesco PPI claims have caused the bank to pay millions of pounds back to customers. In 2013, the total amount that Tesco Bank set aside for PPI was £222 million.
In 2009, the Financial Ombudsman (FOS) revealed that 97% of Tesco claims referred to the FOS resulted in the favour of the customer, causing Tesco to pay out. The latest figures from 2017 showed that figure go down slightly to 59%. However, the average number of PPI claims upheld by the FOS to the consumer is 41%, making Tesco above the average. Between January and June 2017, the FOS received over 700 complaints about Tesco Personal Finance PLC in regards to Tesco PPI.
If you had a Tesco Finance credit card or loan, it’s so important to check if PPI was sold without your knowledge or consent.
How to Claim Tesco PPI
Claim Tesco bank PPI before it’s too late. Making a claim is a very simple process and won’t take much of your time, meaning it’s 100% worthwhile finding out if you could be due a refund.
It’s possible to make a Tesco PPI claim online via the Tesco website. However, many customers choose to contact Canary Claims to make a claim on their behalf. If you know that you were mis-sold PPI, call us today.
If you’re unsure whether you had PPI in the first place, our experienced team will be able to uncover this for you. Once we find out if you did have PPI, we can contact Tesco and make Tesco PPI claims on your behalf. We will keep you up to date every step of the way throughout your claim.
If you previously made a PPI claim but it was rejected, you might be able to make another claim due to the Plevin rule. This rule means that you can claim for mis-sold PPI if more than 50% of your PPI was a commission. This new rule means that thousands more people are eligible for PPI claims.
The deadline is getting nearer — don’t put off your Tesco PPI claim any longer!
Canary Claims offers one of the lowest rates of only 15% + VAT (18% total) plus a 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]. This means you won’t lose a penny if your claim is unsuccessful. Start your PPI claim today!