Northampton, England– 9/26/2017

Latest studies reveal that some of the big banks of UK are trying to wriggle out of making payments for PPI claims due to a gush in “lost” consumer report.
The recent industry data shows that the number of PPI claims-where finance companies said they cannot find the plaintiff’s details-have increased. The number increased to 80% this year, in comparison to 0% in the month of January. Also, the 6% claims refused by HSBC went up to 42%.
This trend is the same all over the industry; moreover the banking sector has been accused of slowing down the claims process that has already made a payment of £26.9bn to customers.
According to a Spokesperson, “Without any doubt this is simply a tactic of the banking industry to cause delay in the process and gradually wriggle out of paying the customers.”
He further added, “From August previous year to April this year, most of the big banks have seen a considerable leap in the amount of PPI claims being met with a response saying the details cannot be found. Over the same period of time, the sum total payments made for PPI refunds and compensation declined by 5%.”
PPI refund has been imparting its services to customers from the past 10 years. It has a team that specialises in getting hold of claim compensation for customers who were mis-sold PPI.
PPI refund offers a free PPI check service helping individuals to identify whether they’ve got PPI or not. They have also recovered millions of pounds for their customers as part of PPI compensation. To know more about their services, visit http://ppirefund.co.uk/.

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