MILLIONS of customers can make new PPI claims for up to £40,000 after a crucial court ruling. A previous deadline of August 2019 meant banks had stopped paying out for historic mis-selling of payme…
MILLIONS of customers can make new PPI claims for up to £40,000 after a crucial court ruling.
This now counts as a new reason to get your money back. Anyone who did not claim for PPI the first time round, or anyone who was initially rejected, can now claim.Last month’s ruling by the Court of Appeal, in what was seen as a test case, means an avalanche of new PPI claims is now on the horizon, with payouts of £1,000 to £40,000 mooted, with the average amount about £3,000."The bank thought about disclosing but decided not to do so.
"The bank knew disclosure of the commission would cause enormous customer dissatisfaction and, in the case of new business, would mean that the customer would be unlikely to proceed. He said: “Banks have been spending hundreds of thousands of pounds trying to stop these claims but judgment means they are now all ready to move forward.