The amounts reclaimed so far prove this is a big issue and we are just scratching the surface. With just a little over two years to the FCA moratorium on PPI, consumers don’t have long to see if they are due redress.
(PRWEB UK) 14 April 2017
Consumer champion Brunel Franklin says the claiming of secondary payouts on Payment Protection Insurance (PPI) cases is looking like the next big PPI mis-selling scandal. Yet with the Financial Conduct Authority (FCA) imposing an August 2019 deadline for people to make PPI claims, Brunel Franklin is urging consumers to act now and claim their refunds before it’s too late.
Many consumers who claimed PPI themselves often accepted the bank or loan provider’s first offer, unaware that the facts of their case might have entitled them to a much higher payout than was originally offered and accepted. Brunel Franklin is having a lot of success re-opening some of these ‘closed’ cold cases, but time is running out for consumers to act.
“Brunel Franklin has reclaimed over £60m in additional refunds for clients, even in cases where consumers had previously made a successful claim,” said Brunel Franklin MD, David Phillips. “Each case is judged on its individual merits, but the amounts reclaimed so far prove this is a big issue and we are just scratching the surface. With just a little over two years to the FCA moratorium on PPI, consumers don’t have long to see if they are due redress – and in many cases further redress.”
Brunel Franklin has always made clear that while people can make a claim for a PPI refund themselves, it believes there is no substitute for employing a top quality professional claims company who have the experience to know when a refund offer may be too low and not appropriate to the case. Brunel Franklin has been operating for over 10 years on a no win, no fee basis, with not a penny to pay if a claim is not successful. The banks have so far paid out a staggering £24bn in PPI refunds but this figure could rise considerably, if consumers get the full and fair redress they are entitled to.
Brunel Franklin is one of the longest established regulated professional claims management companies in the UK. To find out if Brunel Franklin can help you get a refund against mis-sold PPI, call Brunel Franklin’s dedicated claims team, FREE, on 0800 051 54 51, or visit http://www.brunelfranklin.com