Black Horse And PPI, The Facts

  • £117 million

    In June 2015, Lloyds Banking Group, the parent company of Black Horse, were fined a record £117 million for failing to correctly apply PPI complaints from March 2012 until May 2013

  • Black Horse

    It comprises a mix of older lenders that you may recognise, such as United Dominions Trust, Chartered Trust and Lloyds Bowmaker

  • Personal & Secured Loans

    Black Horse, also sold a veritable mountain of personal loans and secured loans through its extensive branch network. Branch staff were highly incentivised to sell PPI along with all their loan offerings.

  • Final Countdown

    Time is running out to make a claim against Black Horse for mis-sold PPI, the time to act is now. 

Reclaim PPI From Black Horse

Were you ever a customer of Black Horse? You may be owed thousands in PPI, claim before the deadline or your money will be lost.

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Or call us : 0800 1931 234

Reclaim PPI From Capital One

Black Horse

If you have ever had a loan with Black Horse, then there is a substantial chance that you may have been mis-sold PPI along with your borrowing.

Black Horse has existed on its current format since 2001. It comprises a mix of older lenders that you may recognise, such as United Dominions Trust, Chartered Trust and Lloyds Bowmaker.

Currently, it's the biggest provider of vehicle finance in Britain to include caravans, but in the past Black Horse, also sold a veritable mountain of personal loans and secured loans through its extensive branch network. Branch staff were highly incentivised to sell PPI along with all their loan offerings. Existing customers were routinely targeted with new borrowing offers, even when they were often, only months into their existing loan. This kind of aggressive selling meant that customers regularly paid fortunes in PPI, only to in turn get small insurance rebates when the borrowing was repaid early.

In June 2015, Lloyds Banking Group, the parent company of Black Horse, were fined a record £117 million for failing to correctly apply PPI complaints from March 2012 until May 2013. Complaint handlers at LBG were told to assess complaints on the basis that each of the group lenders had a robust sales procedures in place. This was identified by the FCA as simply not being the case.

At Beat the Banks, we believe that Lloyds Banking Group continue to not treat customers fairly when assessing PPI complaints and that there is no evidence of them having a vulnerable customer policy in place, when dealing with these complaints. We have had several press articles published on this point and also have an ongoing dialogue with FCA, to whom we continue to provide significant evidence in support of our argument.

When claiming for mis-sold PPI on any Black Horse product, we believe that it's essential to recover as much lender records as possible. Not like other claims companies who simply recover very, very basic account information. This allows us to be 100% accurate. Put simply we don't guess. On top of that all our claims experts were former bank lending managers and our team has hundreds of years of banking, insurance and legal experience.

If you would like to know more about how we can help with claims against Black Horse, you can give our team a call on 01382 200474 or 0800 193 1234.

Beat The Banks Are Different

Find out why by watching our videos. We care, we fight your fight, and, we go back further and work harder to make sure you get more. Give your one chance your best chance with beat the Banks.

PPi - The Final Countdown

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“We had no paperwork but £52,500 reasons to say thank you, we are now living our Spanish dream! Exceptional service.”

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“Have just found out I have won all my cases with the bank, going back many years and been awarded compensation of just over £15,000!”

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“We really appreciate the doggedness and professionalism of Jenna and the team at Beat the Banks. This is something we'd never have gotten round to doing and we're so glad we went through the process with professionals as we've now had great results. Only positives have come from the experience.”

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“From beginning to end, Beat the Banks have been very efficient. I am very pleased with the service from Jenna and the team. I am highly delighted and I have been recommending all of my friends.”

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Over 30 Years

In Financial Forensics

Contact us today, start your claim journey and together we will beat the banks.

Or call us: 0800 1931 234

Address

11 Albert Square, Meadowside, Dundee, DD1 1DD

Phone

0800 1931 234

Fax

+44 (0) 1382 201 284

Email

claim@beatthebanks.co.uk

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Beat The Banks

11  Albert Square

Meadowside

Dundee

DD1 1DD

 

Company Registration No: SC413541 PPI Reclaims (Scotland) Ltd Claims Licence number CRM29125.