Could £25,000 Payout Spark New Ppi Claims Spree?

[interestrateripoff]

http://www.telegraph.co.uk/finance/personalfinance/borrowing/creditcards/11950602/Could-25000-payout-spark-new-PPI-claims-spree.html

Santander has quietly paid almost £25,000 relating to a PPI complaint it had previously thrown out, potentially paving the way for millions of customers to reopen complaints previously dismissed.

The case is thought be the first instance of a bank accepting fresh grounds for a PPI (payment protection insurance) complaint following a landmark legal case a year ago.

- PPI deadline looms: should I claim £2,750 now?

- Brace yourself for the next bombardment of PPI calls and texts

Santander has denied any link between its change of heart in this case and the ruling – but it has declined to explain why it first refused the claim and then offered to settle.

Consumers, meanwhile, are being urged to check old accounts and cards, especially as the “window” for all PPI claims is likely to close in 30 months’ time.

The banks leaking this to boost claims so those with PPI claims take out new loans to buy a car etc?

I'm sure George is hoping that the PPI gravy train continues.

[TheCountOfNowhere]

I do despair.

How many PPI claimants actually knew what they were signing up for....Most I suspect.

[tinker]

Bit of a shame they closed the door on endowment mortgages which were a real industry pie-in-the-sky scam.

[mikthe20]

Bit of a shame they closed the door on endowment mortgages which were a real industry pie-in-the-sky scam.

IO mortgages will be next. "I didn't know interest only actually meant, err, interest only".