Lloyds acts toughover PPI Claims

The Britain state owned Lloyds Bank has said that, it won’tto not copy the action taken by Barclays to settle people who were mis-sold ppi policies, previous to April 20 2011, on a no quibble policy .

A Lloyd’s spokesman announced that they’d study each case independently and guaranteed to process all PPI Claims in spite of which datethe bank took charge their PPI Claims.

The spokesperson additionally affirmed thatthe bank is confident that most of claimants will get payments.

Nevertheless, he moreover that about one-fifth of PPI Claims will likely be rejected payments, since the consumers creating the compensation claims, don’t possess a valid PPI policy or aren’t a Lloyds client.

“We are handling all PPI complaints fairly and consistently, regardless of when they were received. We will ensure that we provide a clear response to every customer that has submitted a complaint to us before the May 6 by the end of August. For customers that have submitted a complaint on or after this date, will we provide a full response within 16 weeks of receiving that complaint,” the Lloyds spokesman reported.

The Royal Bank Of Scotland Group, which own Natwest said that they will likely take care of the PPI claimsthey get in accordance with rules installed down by theFSA, and also theyadded they will have got no plan to pay back consumers which complained previous to or subsequently after a exact particular date.

Barclay’s revealed on Monday that, consumers who made a complaint earlier to April the 20th 2011, will be paid back in Completely for their PPI Claims.

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