RBS mis-sold PPI claims

You know about Haggis, kilts and bagpipes but do you know about The Royal Bank of Scotland?

The bank was founded in 1727 and the following year became the first bank in the world to offer overdrafts to its customers.

Its main industry is finance and insurance. The bank which is headquartered in Edinburgh, sells finance and insurance products alongside consumer banking and corporate banking.

The key person at the bank is the CEO Stephen Hester. He has been somewhat controversial by awarding himself and others at the bank huge salaries and bonuses. Although we the taxpayer technically own the bank we cannot stop this practice even though the country is experiencing hard times.

The holding company is The Royal bank of Scotland group in which the taxpayer holds an 84% controlling share. The group is the largest company in the world on an asset valuation of £1453 trillion.

The group employs nearly 150,000 people.

Are you impressed?

You needn't be…we have the feeling that the CEO is holding the taxpayer to ransom. Do you remember the cliché that if you owe the bank £1000 then the bank owns you but if you owe the bank £100 million then you have the upper hand. Isn't that right?

Let's talk about RBS mis-selling PPI.

The RBS has ripped off thousands and thousands of people by mis-selling them Payment protection insurance(PPI).

Whoever thought up the idea of PPI was actually very clever.It is a good idea. Insurance is meant to protect you against something bad happening.

That is why we take out insurance for our car, home, personal effects etc. PPI is meant to protect someone who takes out a loan, mortgage or credit card and cannot repay in the event that they become ill, unemployed or for some other reason cannot keep up repayments on the loan.

However, in practice the details of a PPI policy are complex and quite unlike a car or house insurance policy.

There are many small print exclusions, which mean that in practice it is very difficult for someone to claim.

How is PPI mis-sold? If you bought PPI online reclaiming can be difficult as the full terms of the policy are on the screen and the policyholder has the responsibility of understanding the details of the policy.

If you bought PPI on the phone or face to face you may have been mis-sold the policy because the salesperson didn't take the time to check everything and was in a hurry to sign you up. Commissions paid on PPI are very high.

You may even have felt under pressure to agree to PPI thinking that the granting of the loan depended on it.

The worst case scenario is where PPI was tacked onto your loan and interest without you even knowing. Yes, that happens.

So check your paperwork and see if Payment protection insurance or some other similar sounding insurance has been sold to you.

If you have been mis-sold PPI in the last 15 years we can reclaim the money paid with interest and possibly compensation too.

Complete and send the online form to us today.

Claim bank charges back and Claims Financial will then send you our information pack and a personal details form which should be returned to us.

We will begin work on your claim straight away and a skilled consultant backed by a strong legal team will negotiate with your bank for the highest amount possible.

We are an ethical claims company with many years experience working on behalf of thousands of clients just like you.

Complete and click the online form now. We wait to welcome you as a new client soon.

Oh happy days when you receive a lovely cheque from us for your mis-sold PPI!