Reclaim PPI from Bank of Scotland
In September 2007 the Bank of Scotland became Bank of Scotland plc, as part of the HBOS. In January 2009, the Bank of Scotland had formed a major part of the Lloyds Banking Group acquired HBOS by Lloyds TSB Group. Bank of Scotland was fined approximatley £3.5 million 2011 by the (FSA) Financial Services Authority. The FSA received the fine Bank of Scotland after it had rejected over 45% of 2500 complaints wrongly.
Bank of Scotland offer many financial products from loans both secured and unsecured, credit cards and savings and other insurance products.
The Financial Ombudsman Service reported that in the half of 2010, Bank of Scotland was the third most complained about financial organisation in the UK. Of 6,211 complaints made 23% of all complaints being determined in favour of the customer. It was reported by the FOS that the Bank of Scotland was the third biggest offender for PPI complaints in the UK in the financial sector, 6,211 complaints were received.
If you had a loan or credit card with Bank of Scotland then it is highly likely you would also of had a Bank of Scotland PPI policy and could have been mis-sold.
We understand that a lot of people making a PPI reclaim to Bank of Scotland still owe money to the Bank of Scotland them and may be struggling with their repayments. If you are receiving nasty phone calls from Bank of Scotland or threatening letters from Bank of Scotland then a Debt Management Plan may be able to help you. We work with Moneymeans a debt management company who could help you stop harassment over bank of Scotland debt and well as work to freeze unfair charges from the bank of Scotland and high interest rates.