First Plus And PPI, The Facts

  • First Plus Loans

    Were all about wrapping all your expensive debt into one affordable monthly payment. The rates on these secured loans, were often very high themselves and secondly, they were often sold with huge PPI premiums on top

  • Initial 5 Years

    People were also often under the impression, that any PPI sold along with the loan, meant that they were then covered for the whole duration of the loan. Unfortunately, this was far from the case and normally the cover, despite the astronomical cost, only protected payments for the initial five year period of the loan term.

  • Final Countdown

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

Reclaim PPI From First Plus

Were you ever a customer of First Plus? 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 First Plus

First Plus And PPI

If you have ever had a secured loan with First Plus, then there is a considerable chance that you have been mis-sold PPI. When it closed its doors to new applications way back in July 2008, it was by some distance, the biggest player in the mostly sub prime, secured loan market.

First Plus was all about wrapping all your expensive debt into one affordable monthly payment. There were however some major snags. Firstly, the rates on these secured loans, were often very high themselves and secondly, they were often sold with huge PPI premiums on top. Add to that loan terms of up to 25 years, then, the cost of the borrowing with with the PPI and the rate of interest and the charges, all meant the final borrowing figure to be repaid, was often completely eye watering.

People were also often under the impression, that any PPI sold along with the loan, meant that they were then covered for the whole duration of the loan. Unfortunately, this was far from the case and normally the cover, despite the astronomical cost, only protected payments for the initial five year period of the loan term.

Beat the Banks team have had some major successes against PPI policies mis-sold by First Plus. The cost of the policy and the interest rate applied to the borrowing has meant substantial compensation for these former secured loan holders. Importantly, before complaining for mis-sold PPI on these First Plus secured loans, we first of all recovered all the paperwork from the lender. Something that is absolutely vital, if you want to be 100% accurate with your claim. This is far removed from around 99% of other claims companies who simply request the very, very basic account information. We often recover inches deep in paperwork unlike the industry standard, that sees our competitors provided with typically one or two sheets of paper. Unlike the rest we don't take chances with your claim.

If you think you might have had a secured loan with First Plus, here is a little reminder of how they came about and their demise. First established in 1997, it was then acquired by Woolwich in 1998, which in turn was gobbled up by Barclays in 2004.

Famous for it's advertising campaign with celebrity Carol Vorderman, it boasted a massive customer base of circa 130,000 when it finally closed. A closure that also saw 300 people made redundant.

if you think that you might have been mis-sold PPI on a First Plus secured loan, then the team at Beat the Banks are here to help.

All our claims experts are former bank lending managers and our team has hundreds of years of banking, insurance and legal experience. To find out more please call 01382 200474 or for free on 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

Why We Are Different

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We Beat The Banks.

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

Dave & Linda , Dundee

“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!”

Mr S, Dingwall

“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.”

Mr & Mrs M, Shetland

“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.”

Mrs C, Glasgow

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.