Millions of people are being warned to take action on PPI now before the deadline for mis-sold loans kicks in.
More than £10billion remains unclaimed in the UK, money which consumers were made to pay under false pretences when taking out mortgages and other forms of debt.
An estimated 64million PPI policies were sold in the UK – the majority in the 90s and 00s, according to figures from watchdog the Financial Conduct Authority (FCA).
These were on loans, mortgages, credit cards and even store cards which were mis-sold by high street stores, catalogue firms, banks, building societies and supermarkets.
In many cases, people were told - which in reality was not the case.
According to most recent statistics, £340.4million was paid in June 2019 to customers who complained about the way they were sold PPI, taking the amount paid since January 2011 to £36billion.
Now, it's your last chance to make a claim before the scandal closes for good on 29 August 2019.
Emma Stranack at the Financial Conduct Authority, said: "We’ve extended our PPI helpline hours to 8pm on weeknights and 5pm on Saturdays to provide further support to consumers and will be available for calls on bank holiday Monday. Ultimately, we don’t want the UK public to miss their chance to decide.
"So, if you think you might have had credit with a PPI policy attached – particularly in the 90s or 00s – now is the time to get in touch with your provider. You need to submit your claim by 29 August, or you won’t be able to claim money back for PPI."
As well as compensation for the policy itself, thousands of people may also be owed refunds in cases where their provider earned a high level of commission from the sale of their PPI, which wasn't made clear at the time. This is known as the Plevin rule .
Under these guidelines, if more than 50% of your PPI's cost went as commission to the lender and this wasn't explained to you, you're due the extra, plus interest.
If you're owed money, follow the pages with the major banks and building societies below to make a claim. Each link will take you to the lender's PPI form which you'll need to complete by midnight on Thursday 29 August.
- Make a PPI claim with Barclays Bank
- Make a PPI claim with TSB
- Make a PPI claim with Lloyds
- Make a PPI claim with Halifax
- Make a PPI claim with Royal Bank of Scotland
- Make a PPI claim with Bank of Scotland
- Make a PPI claim with Santander
- Make a PPI claim with Clydesdale Bank
- Make a PPI claim with Yorkshire Bank
- Make a PPI claim with The Co-operative Bank
- Make a PPI claim with First Direct
- Make a PPI claim with HSBC (or M&S Bank)
- Make a PPI claim with Coventry Building Society
- Make a PPI claim with Skipton Building Society
- Make a PPI claim with Chelsea Building Society
- Make a PPI claim with Yorkshire Building Society
- Make a PPI claim with M&S Bank
- Make a PPI claim with Nationwide Building Society
My bank/loan provider isn't listed - what should I do?
Websites such as Which?, Resolver and MoneySavingExpert offer free forms to help you make claims to avoid costly claims management fees - including with loans on store cars and catalogue credit which may be hard to locate. All you need to do is locate your details or the lender in question to get started.
FCA support is also available online or by calling the PPI helpline on 0800 101 8800.
