Barclaycard PPI was sold to thousands of people in the UK. Use our guide to discover if you are due a refund and how to make your claim before August 2019.
Despite being one of the biggest credit card providers, even Barclaycard mis-sold payment protection insurance to many customers. If you haven’t yet processed a claim for mis-sold PPI, we recommend doing so as soon as possible because of the upcoming PPI deadline. The Financial Conduct Authority (FCA) set August 2019 as the official deadline for making claims. There is now just nine months until the cut-off date and you don’t want to leave it too late.
So far, the banks have paid over £32 billion to customers for PPI refunds. Many customers were unaware that they even bought PPI. Often, it was automatically added onto accounts or consumers were told it was compulsory. Bank employees needed to ask customers about their employment and any pre-existing medical conditions. But, all too frequently, these questions were not asked.
If you had a Barclaycard credit card and believe that you might have been sold PPI, read on below to find out how to make a Barclaycard PPI claim. You’ll also discover how Canary Claims can help you every step of the way with your PPI claim, making it a hassle-free, stress-free process.
How Did Barclaycard Mis-Sell PPI?
Barclaycard was the first British credit card in the UK. It first went on sale in 1966 and credit card limits were set to no more than £200. The card soon expanded across the world and is still a popular credit card choice today.
Barclays owns Barclaycard. Barclays PPI was mis-sold to thousands of customers, and this is true of Barclaycard as well. The bank is currently facing backlash for wrongly telling customers they did not have PPI policies — when, in fact, they did. The bank said it would contact the customers who were affected.
In addition to this, the chairman of Barclays, John McFarlane, recently came under scrutiny for saying that PPI claims have turned the UK into fraudsters. He continued by saying that the government is promoting PPI claims to promote more spending in the economy. After Lloyds, Barclays has refunded the most money to customers, paying over £9 billion to consumers for mis-selling the insurance.
Barclaycard PPI has affected many people and there have been several complaints that the bank is slow to respond to PPI claims. Although the bank has been forthcoming with sending out letters to customers, there are still a lot of people who could be due a PPI refund. Could you be one of them? If you bought a credit card with Barclaycard, it’s possible that PPI was mis-sold to you with it.
But, new regulations mean even more people are eligible to make a claim. If you bought a credit card with Barclaycard, it’s possible that PPI was mis-sold to you with it. If you previously made a PPI claim to Barclaycard but it was rejected, you might even be able to make a new claim, due to the Plevin ruling. This means that if over 50% of your PPI was commission — and this was not disclosed — you can make a claim. This new form of misselling enables some people to make another claim if their first was rejected.
How Can You Make Barclaycard PPI Claim?
Barclaycard PPI claims can be made by contacting the bank. However, for a stress-free claim, contact Canary Claims. We have nearly a decade of experience making claims for customers. Our London-based office can contact Barclaycard on your behalf. We will keep you informed every step of the way, throughout the process.
No paperwork about the account? This is not a problem. Our experienced staff can uncover if you did have PPI. We require just a few details from you — name, address and any financial products you may have been mis-sold PPI with. Once we have this information, we can start to investigate whether you have a claim.
Due to the upcoming PPI deadline, it’s crucial to start your claim as soon as possible. The banks are busy resolving claims and the process can easily take up to six months. So, start your Barclaycard PPI claim today to receive your money as soon as possible.
Canary Claims offers 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] and an incredibly low fee of only 15% + VAT (18% total) on successful claims. It’s time to find out if you’re owed Barclaycard PPI. Let us help you reclaim your PPI refund today.