1. Banks have set aside a staggering six billion
pounds to repay customers who they mis-sold
Payment Protection Insurance (PPI) to. Of course,
they want to hold on to that money for as long as
possible so they are continually finding new ways
to slow down the repayment process. Their new
tactic is to shift the focus away from their
mis-selling of PPI and turn the very companies
trying to help people re-claim money owed into
the villains. Easy PPI, a specialist claim company,
says that having potentially mis-sold insurance to
20 million people the banks are now trying to turn
them off from reclaiming what is owed by
"scaring" them away from the easiest and
simplest channel of complaint – claims
management companies. The banks which have
mis-sold PPI now claim they want to try to simplify
the refund procedure, as well as explain to
consumers why claims management companies
are not worth using. However, Easy PPI
Marketing Consultant, Natalie Kay, believes this is
just a case of the banks trying to deflect attention
2. away from themselves and to further drag out the
claims process, so they can hold on to the money
they have set aside which will earn the banks
considerable interest. "In my opinion, banks are
demonising claim management companies to
delay paying back money to customers. The
benefit of using a company such as Easy PPI is
that we are tough in ensuring refunds are handled
efficiently and promptly. "It also suits the banks to
try and portray someone else as the ‘bad guy’
and avert attention away from the fact that they
took this money off unsuspecting customers in the
first place." A highly regarded PPI reclaim
company, such as Easy PPI, can stand-up to big
corporations and banks and ensure that a refund
case isnÂ’t ignored and delayed unduly. They
also have the expertise of communicating directly
with banks, which is something members of the
public may hesitate doing on their own. "The PPI
scandal has been dragged out by the banks for
seven years, so why should we trust that the
banks want to suddenly pay-out now?" says
Natalie. "It shouldnÂ’t be forgotten that is was PPI
claims companies, such as Easy PPI, which
originally brought public awareness to this issue,
and started to push for this money to be refunded
to customers in the first place. The Banks were
resistant back then, and they are still resisting
now; trying to scare customers away from a quick
and efficient refund by criticising claimÂ’s
companies is simply their latest tactic."
www.drppiclaims.co.uk
