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Start your Lloyds Bank PPI claim

You could be owed £1,000s in PPI compensation if you ever had a Loan, Credit Card, Mortgage or Overdraft with Lloyds Bank

Start your Lloyds Bank PPI claim below:

Start claim - step 1

Step 1

To start your Lloyds Bank PPI claim, enter your details above

Start claim - step 2

Step 2

We will contact you to gather more information about your Lloyds Bank PPI claim

Start claim - step 3

Step 3

We will send pre-filled forms for you to sign & return to us

Start claim - step 4

Step 4

Sit back & relax while we process your Lloyds Bank PPI claim


What is Lloyds Bank PPI?

Lloyds Bank payment protection insurance (PPI), also known as loan repayment insurance, credit insurance or credit protection insurance was designed so that the borrower could make repayments to Lloyds Bank if they were unable to earn income to service the debt. This shouldn't be confused with income protection insurance which is not usually attached to a debt. PPI was widely sold by Lloyds Bank as an add-on to the loan or an overdraft product.

Lloyds Bank PPI usually covered payments for a minimum of 12 months, this gave the borrower enough time to find alternative means of making repayments such as going back to work.

How was Lloyds Bank PPI mis-sold?

Some Lloyds Bank PPI policies were sold without the consumer even aware that PPI was added onto their loan. Some consumers claim that Lloyds Bank informed them that their application for a loan, credit card or mortgage would be declined if they didn't take out Lloyds Bank payment protection insurance. In some cases this led to fear of losing a loan and the borrower would accept the Lloyds Bank PPI even though they may not of even needed it.

Have you been mis-sold PPI by Lloyds Bank?

Lloyds Bank may have mis-sold you PPI if any of the below statements are relevant to you at the point of sale:

  • Were you led to believe that the Lloyds Bank PPI policy was compulsory to your finance agreement?
    • If a PPI policy was required for the finance agreement, Lloyds Bank should have made you aware that you had the right to shop around OR if you had pre-existing cover elsewhere, Lloyds Bank should not have sold you another PPI policy.
  • Did Lloyds Bank enquire if you had PPI cover elsewhere that would of covered repayments?
    • Lloyds Bank should have asked if you had pre-existing PPI cover elsewhere as this would have been sufficient.
  • Did Lloyds Bank make you aware about cancelling your PPI policy?
    • You should have been made aware by Lloyds Bank that you had the right to cancel your PPI policy within the cooling off period.
  • Was the total cost of the Lloyds Bank PPI policy clearly explained to you at the point of sale?
    • Lloyds Bank should have explained every aspect of any costs relating to your PPI agreement. Failure to do so would be considered a big mis-selling factor.
  • Did Lloyds Bank make you aware of any exclusions or circumstances in which you would not be eligible to make a claim?
    • If you weren’t told by Lloyds Bank about the exclusions, or circumstances in which you couldn’t claim, you may have been mis-sold your Lloyds Bank PPI policy.
  • Did Lloyds Bank make you aware that part of your PPI premiums may have been paid as commission?
    • The Plevin ruling means that if over 50% of your PPI premiums were paid in commission to Lloyds Bank, you were mis-sold and are due a PPI refund.
  • Did you feel pressured into purchasing the Lloyds Bank PPI policy?
    • A simple assessment of your personal circumstances to determine if PPI was of any benefit to you should have been carried out by Lloyds Bank, with no pressure or hard selling.
  • When you were sold your PPI policy by Lloyds Bank, were you unemployed, self-employed or retired?
    • If you were unemployed, self-employed or retired when Lloyds Bank sold you your PPI policy, you would not have been covered and therefore the Lloyds Bank PPI policy would have been of no benefit to you.
  • Were you older than the upper age limit for your Lloyds Bank PPI policy?
    • If Lloyds Bank had an upper age limit on the PPI policy and you were above this set age, you would not have been covered.
  • Were you aware that Lloyds Bank had added PPI to your agreement?
    • If you were not aware PPI had been added to your agreement by Lloyds Bank, it may have been added without your consent or it may have been opt-out box which was not obvious.
  • Was the term of your Lloyds Bank PPI cover shorter than the term of the finance agreement AND did Lloyds Bank not explain that there would be a period of no PPI cover towards the end of your finance agreement?
    • If Lloyds Bank did not explain that you would be unprotected for any period of time throughout the finance agreement, you have been mis-sold your Lloyds Bank PPI policy.
  • Did you have a pre-existing medical condition at time you were sold your PPI policy by Lloyds Bank?
    • If you were ever unable to work throughout the term of your Lloyds Bank PPI policy due to the pre-existing medical condition, you would not have been covered by the Lloyds Bank PPI policy.

What could you be owed from Lloyds Bank?

If you have a successful PPI complaint against Lloyds Bank upheld, you would be entitled to a full refund PPI paid to Lloyds Bank, a full refund of any interest charged on the PPI by Lloyds Bank and a compensation interest of 8% per annum on both of those combined.


About us

About us

My Claim Solved Ltd is regulated by the Claims Management Regulator in respect of Claims Management Activities; its registration is recorded on the website www.claimsregulation.gov.uk. Authorisation Number: CRM 29233

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My Claim Solved Limited, Tormohun House, Barton Hill Road, Torquay, TQ2 8JH

Phone:
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