Citi Financial (also know as Future Mortgages) has applied PPI to their range of mortgages, secured and unsecured loans.
Following the outcome of the judicial review on Payment Protection Insurance (PPI) complaint handling Future Mortgages is committed to processing all PPI complaints as soon as possible. CitiFinancial is part of CitiBank, who offer loans and credit cards until they stopped taking new applications in 2008. Most of these would have also had a Citi Financial or Future Mortgages PPI Policy.
In the half of 2010, the Financial Ombudsman Service received 788 complaints about CitiFinancial’s credit card and insurance services, making them the fifteenth most complained about finance company in the UK.
A massive 84% of these complaints were ruled in favour of the customer meaning that more often than not, customers would win in disputes with Citifinancial and receive compensation. This was likely more often than not a form of PPI compensation.
If you had a loan, Mortgage or credit card with Citi Financial then you may have also had a Citi Financial PPI policy and could have been mis sold.
A lot of people making a PPI reclaim against CITI still owe them money on loans and credit cards. Many are struggling to repay CITI Cards and CITI Loans. If you are receiving nasty calls from CITI or threatening letters from CITI then a Debt Management Plan may be able xnto help you. We work with a debt management company called Moneymeans who could help you stop harassment over CITI accounts and as well as work to freeze unfair charges from CITI and high interest rates.