PPI deadline confirmed - hurry up and make your claim

PPI deadline confirmed
8 August 2016

If you haven't made your PPI claim yet, you'll now have until June 2019 to get your compensation from the mis-selling scandal.

Now, before we continue, we'll again point out that you can make your own claim and it is completely free. Don't give money to people who say they'll do it for you.

It is easy to do and you can follow our guide by clicking here.

Anyway, the Financial Conduct Authority (FCA) have confirmed that they're going to launch a marketing campaign from next June, in a bid to raise awareness of the 2019 cut-off.

FCA chief executive Andrew Bailey said: "Putting a deadline on PPI complaints will bring the issue to an orderly conclusion in a way that protects both consumers and market integrity."

"We will ensure that our communications campaign will engage with all those who could be affected, particularly vulnerable consumers."

The FCA are going to consider further feedback on these proposals for the June 2019 deadline until October 11.

Around a third of PPI complaints have been brought about by claims management companies on behalf of consumers, and of course, they charge a fee for undertaking the work.

It is a needless expense, so only go down that route if you don't really need the money.

If you think you may have been mis-sold PPI, have a look at our guide and get in touch with your bank. Paperwork isn't always needed to make a claim, so don't worry if you threw it all out years ago.

And remember, if your bank are being stubborn, you can always go to the Financial Ombudsman Service (FOS).

TOPICS:   How To Guides   Banking

What do you think?

Connect with Facebook, Twitter, or just enter your email to sign in and comment.

Your comment