Lloyds To Stop Selling PPI - Other Banks to Follow - Do Not Give up on Making a PPI Claim

Online, July 28, 2010 (Newswire.com) - Lloyds Banking Group have announced today that they will stop selling Payment Protection Insurance (PPI) effective from 23rd July.

PPI Return http://www.ppireturn.co.uk welcome this news as it heralds the end of a dark period of PPI mis-selling. PPI was sold alongside credit cards, mortgages and loans but in many thousands of cases, leading banks sold inappropriate, ineffective and often highly expensive PPI. Many consumers paid a lot of money for the insurance, but had they needed to make a claim, they would often find themselves excluded from the PPI terms and conditions.

Today there are hundreds of thousands of financial consumers who were the victims of PPI mis-selling. Thanks to significant press coverage, growing consumer awareness and the work of PPI claims specialists, many go on to make successful PPI claims and to recoup PPI payments.

Industry analysts believe that other banks and financial institutions will follow suit and drop PPI sales. PPI Return again welcomes this event but is concerned that consumers may be confused - the end of PPI selling does not mean that one cannot continue to make a claim for mis-sold PPI claims. Consumers are advised to carefully review their situation and as ever not to be deterred by banks when making a PPI claim.

Those particularly affected by PPI mis-selling include:-

- Self employed
- Consumers approaching retirement
- The retired
- Anyone suffering from long-term medical conditions

This is by no means a complete list of those mis-sold PPI. Many consumers were unaware of the PPI contributions they made or where not offered alternatives by financial institutions. If you have been sold PPI in the past, PPI Return http://www.ppireturn.co.uk can help make a successful claim for mis-sold PPI.

ABOUT

PPI Return is one of the UK's leading PPI claims law firms with a wealth of experience and highly qualified legal advisors.

PPI Return is dedicated exclusively to helping clients regain mis-sold Payment Protection Insurance (PPI) payments. There are many thousands of people in the UK who were either mis-sold PPI or not informed of how the PPI worked when taking out loans. PPI Return works to correct this wrong doing and works on a highly competitive fee basis. PPI Return provides an online '60 Second Test' where you can quickly assess if you are entitled to make a claim for mis-sold PPI in addition to Web Chat with PPI Claim specialists.

CONTACT

PPI Return
Mersey Chambers
5 Old Churchyard
Liverpool
L2 8GW
Tel: 0800 877 8888
[email protected]
http://www.ppireturn.co.uk