If youíre looking to make a PPI claim against Black Horse Finance the following page tells you all you need to know. Aside from explaining all the info you need in order to pursue your claim, we also explain exactly how to go about making your Black Horse Finance PPI claim. Of course, weíd love you to use us to help you with the process, but unless you have all facts first, how you can you decide the best way to proceed?
A bit of backgound on Black Horse Finance...
Black Horse Finance provides loans to finance the purchase of cars, motorcycles and caravans. It is part of Lloyds Banking Group.
Black Horse sold PPI on the loans to finance these vehicle purchases.
Black Horse PPI may have been branded as Payment Care or similar, including Payment Care Gold, Payment Care Silver etc. The words ëPayment Careí may well be what you need to look for if you check your Black Horse documentation to discover if you ever had the insurance.
Black Horse did not stop selling PPI until 2010, later than many other companies, so may have made its problem of paying compensation to mis-sold policyholders a good deal worse.
Lloyds Banking Group has set aside a massive £5.3 billion to pay PPI compensation. This figure is for all institutions of the very large Lloyds group, however Black Horse in its own right sold a large number of PPI policies. More PPI complaints are made about Black Horse than about some of the best known high street banks.
Black Horse Finance PPI Claims - were you mis-sold?
Lloyds Banking Group has set aside a massive £5.3 billion to pay PPI compensation. This figure is for all institutions of the very large Lloyds group, however Black Horse in its own right sold a large number of PPI policies. More PPI complaints are made about Black Horse than about some of the best known high street banks.
Most providers will ask you to complete the PPI complaints questionnaire of the Financial Ombudsman Service (FOS) at some stage of the complaints process. However, the Black Horse website,
www.blackhorse.co.uk, asks you to do this at the outset, and does not give a telephone number for PPI complaints. It asks you to print a PPI consumer questionnaire from the site and to send it to:
- Black Horse, PPI Complaints, St William House, Tresillian Terrace, Cardiff CF10 5BH
How long will my Black Horse Finance PPI Claim take?
The site indicates that all complaints will be resolved within eight weeks. You may be offered adequate compensation by Black Horse within this time period, but if the complaint is rejected, or you are dissatisfied with the amount offered, you need to refer the matter to the FOS - www.financial-ombudsman.org.uk. The FOS resolves most complaints within a few months, but in exceptional cases can take over a year.
The FOS ruled in favour of the customer in 83% of the Black Horse PPI cases it closed in the six months to June 30 2012 ñ higher than the industry average of 71%. The FOS also received almost 6,000 new PPI cases from Black Horse customers in this six month period.
One thing to bear in mind before making your claim either through us or direct with Black Horse Finance is whether you were sold PPI by Black Horse Finance or an intermediary. If itís the latter, then youíll need to make the claim against them, rather than Black Horse Finance.
Next steps to making your Black Horse Finance PPI Claim...
Now you know all about Black Horse Finance PPI claims, let us take all the stress and hassle out of your hands. Simply fill in the form on the right and weíll crack on and get your claim processed straight away.
All information presented in this article is accurate as of January 2013