Reclaim PPI On Catalogue Accounts
Catalogue Accounts and PPI
If you took out a catalogue account in the late 1990's or early 2000's, then, there is a good chance that you may have been mis-sold PPI. Not only did these accounts generally have huge interest rates, the cost of their PPI offering was often off the scale in comparison to that of say a standard credit card. You could expect to pay 65p-75p per every £100 of account balance on your average credit card. With some catalogue accounts this hit as much as £2.50 per £100 of cover.
The high cost of the PPI, along with astronomical interest rates, often above 30% means that even if you were used to having balances of just a few £hundred, you may be due considerable compensation.
Here are just a few names that you might recognise - Littlewoods, Studio Cards, Freemans, Great Universal, Shop Direct, Very and Simply Be.
PPI mis-sold on catalogue accounts can sometimes be a lot harder to claim as simply the companies involved, did not generally fall in the line of regulation going back from the FCA in January 2005 and in turn the GISC and ABI back, ultimately to December 1989.
That's where the expertise of the team at Beat the Banks comes in. We have hundreds or years of experience and all our claims experts were former bank lending managers. If you would like to know more about how we can help you make a claim for PPI sold on your catalogue account, please call our team on 01382 200474 or 0800 193 1234.
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