350,000 people in UK could have £2,500 added to bank accounts

Millions could have £2,500 added to their bank account after a PPI legal claim. Law firm Harcus Parker lodged a legal claim at Birmingham County Court on 29 September, arguing that some banks and credit card providers unfairly charged £18 billion in secret commission from customers who took out PPI.

The claim is on behalf of around 2,500 claimants against eight financial institutions including Lloyds Bank, Barclays, HSBC and Santander. Harcus Parker says that around 350,000 people have applied to join the “no win, no fee” group legal action in total, but around six million people could’ve been impacted and can join the case.

Damon Parker, a partner at Harcus Parker, commented: “For years, banks and credit card companies have found ways to avoid telling customers the whole truth about the commissions they paid themselves. This failure to come clean about the scandal is a stain on the industry and needs to be redressed through settlement or legal means.

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“I urge anyone who thinks they may have a claim to fill out the very simple form on our claims website to see if they are eligible.” On behalf of the lenders in the case, UK Finance said: “Firms will review and respond to any claims made in legal proceedings as required.” Harcus Parker’s group legal claim is specifically against Barclays, Bank of Scotland, Black Horse, HSBC, Lloyds, MBNA, Santander and Santander Cards.

But it says you don’t need to have been a customer of these lenders to join – you could have a claim against any lender. There is no deadline on when you need to join the claim by. For more information on how to join the claim, visit the Harcus Parker website.

According to Harcus Parker, anyone falling into one of the following categories is “likely” to have a claim for PPI secret commissions: those who have had a PPI claim rejected, those who were only paid back the amount of commission they paid over 50 percent of the premium and those who had PPI but never previously made a claim.