Customers continuously complain about PPI claims being
rejected by banks because of some undisclosed reasons. While some rejections
are fair because customers have a lack of evidences to prove their point,
sometimes, banks reject claims for their own selfish reasons. Here are a few
possible causes of a PPI claim getting rejected by banks.
1.
Lack of Provisions
According to the Financial Ombudsman Chief Natalie Ceeney,
banks impose new “claims standards” whenever their promised provisions run out.
First, they promise shareholders their estimates regarding the expenses needed
to redress mis sold PPI. To avoid having their shareholders disappointed, they
try to weed out some of the PPI claims by using these standards.
2.
Deliberate Rejection
Lloyds was recently involved with a scandal regarding its PPI
claims contractor Deloitte, who deliberately rejected PPI claims to lessen
their workload, with trainers ensuring trainees that the Financial Ombudsman
will probably handle the rejected claims, saving them more time.
3.
Fraud Crackdown
Banks are actually using their fraudulent claims crackdown as
an excuse to chop off some numbers from the PPI claims they receive. This is
why claims experts advise customers to ensure they have all documents and they
confirm they have a PPI with their loan, mortgage and credit card before filing
a claim.
If your claims get refused by your bank and you find a lack of time to make your claim, don't hesitate to call help from a PPI claim company to help you.
