{"id":27443,"date":"2018-11-30T13:30:35","date_gmt":"2018-11-30T13:30:35","guid":{"rendered":"http:\/\/thevoiceoflondon.co.uk\/?p=27443"},"modified":"2018-11-30T13:30:35","modified_gmt":"2018-11-30T13:30:35","slug":"the-ppi-scandal-make-your-claim-now","status":"publish","type":"post","link":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/the-ppi-scandal-make-your-claim-now\/","title":{"rendered":"High street stores swing into the red on PPI claims"},"content":{"rendered":"<p><b>Companies like Debenhams, Barclays, and Dorothy Perkins have paid more than <\/b><b>\u00a330 billion since January of 2011 to customers complaining about policies. In fact, Lloyds Banking Group has put another \u00a3460 million aside in cost of mis-selling claims. <\/b><\/p>\n<p><span style=\"font-weight: 400\">Deadline to make PPI complaint is August 29, 2019. <\/span><\/p>\n<div id=\"attachment_27453\" style=\"width: 970px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-27453\" class=\"size-full wp-image-27453\" src=\"http:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-content\/uploads\/sites\/64\/2018\/11\/credit-card-1583534_960_720.jpg\" alt=\"\" width=\"960\" height=\"640\" \/><p id=\"caption-attachment-27453\" class=\"wp-caption-text\">Photo by TheDigitalWay from Pixabay<\/p><\/div>\n<p><b>How did PPI become contentious?<\/b><\/p>\n<p><span style=\"font-weight: 400\">Payment Protection Insurance was designed to help people cover repayments during unforeseen circumstances, for example having an accident or being unwell. It was added to things like credit cards, loans, store cards and other kinds of credit. <\/span><\/p>\n<p><span style=\"font-weight: 400\">It turned out to be controversial as it was highly mis-sold. For instance, people did not realise it was an optional policy, and some of them didn\u2019t even know they had one. For others, it was straight up not suitable. <\/span><a href=\"https:\/\/www.telegraph.co.uk\/money\/consumer-affairs\/ppi-compensation-has-turned-portions-britain-fraudsters-says\/\"><span style=\"font-weight: 400\">The Independent <\/span><\/a><span style=\"font-weight: 400\">reported<\/span><span style=\"font-weight: 400\"> that consumer groups estimate the total mis-sold policies to be around \u00a350 billion. John McFarlane, one of the group chairman of Barclays commented, <\/span><span style=\"font-weight: 400\">&#8220;The percentage of fraudulent claims is enormous. We have turned portions of Britain into fraudsters.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400\">PPI is the biggest mis-selling scandal in history. Here\u2019s the <\/span><a href=\"https:\/\/www.ppiclaimsguide.co.uk\/ppi-claims-companies-list\/\"><span style=\"font-weight: 400\">complete list<\/span><\/a><span style=\"font-weight: 400\"> of companies involved in the scandal. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Debenhams store card PPI has left thousands of individuals out of pocket and owed money. Customers weren\u2019t told the full terms and conditions of the insurance and more importantly they weren\u2019t asked enough questions to find out if they were apt for the policy. Plenty of them were also misinformed about insurance being compulsory when it wasn\u2019t. Dorothy Perkins also added PPI into their store cards without buyers permission.<\/span><\/p>\n<p><b>How can you complain?<\/b><\/p>\n<p><span style=\"font-weight: 400\">People can make claims free of charge. There\u2019s plenty of help available online from websites like <\/span><a href=\"https:\/\/www.moneysavingexpert.com\/reclaim\/ppi-loan-insurance\/\"><span style=\"font-weight: 400\">moneysavingexpert.com<\/span><\/a><span style=\"font-weight: 400\">, and the Financial Conduct Authority\u2019s (FCA) official website.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We&#39;re here Mon-Fri, 9am-6pm to answer your questions about the PPI deadline. Or visit our website for more info: <a href=\"https:\/\/t.co\/fWQ1dUPRA9\">https:\/\/t.co\/fWQ1dUPRA9<\/a><\/p>\n<p>&mdash; The FCA PPI Complaints Deadline (@ppifca) <a href=\"https:\/\/twitter.com\/ppifca\/status\/899573339534045184?ref_src=twsrc%5Etfw\">August 21, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The<\/span><span style=\"font-weight: 400\"> Arnold Scharzenegger\u2019s advert has been screened on TV since August 2017 to urge citizens to \u201cmake a decision\u201d and claim what they own now.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"FCA PPI campaign deadline 60 second TV advert\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/cfwk0bAAfPk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Words: Peony Hirwani | Subbing: Tsvetelina Petrova<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Companies like Debenhams, Barclays, and Dorothy Perkins have paid more than \u00a330 billion since January of 2011 to customers complaining about policies. In fact, Lloyds Banking Group has put another \u00a3460 million aside in cost&#8230;<\/p>\n","protected":false},"author":476,"featured_media":27447,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,55,82,112],"tags":[],"class_list":["post-27443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","category-lifestyle","category-shopping"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts\/27443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/users\/476"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/comments?post=27443"}],"version-history":[{"count":0,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts\/27443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/media\/27447"}],"wp:attachment":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/media?parent=27443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/categories?post=27443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/tags?post=27443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}