Reclaim PPI From Capital One
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.
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