Reclaim your Redcats PPI – Redcats PPI Fine - Payment Protection Insurance Claims
In 2006 the Financial Services Authority fined Redcats (Brands) Limited £270,000 for failing to treat its customers fairly when selling Payment Protection Insurance (PPI) in connection with home shopping products. The regulator found that Redcats did not have adequate systems and controls in place to minimise the risk of unsuitable sales.
There were also weaknesses in the way that Redcats operated and maintained its compliance systems, training and competence arrangements and sales processes.
Redcats’ breaches were particularly serious because they meant that over an 18-month period approximately 160,100 customers were sold PPI which might not have been suitable for their individual needs.
Source FSA
Unfair PPI agreements affect many of the UK population. Now you can do something positive and fight back with no upfront fees to pay.
Payment Protection Insurance is a product that is offered with nearly all credit agreements and there are many reasons why your claim may be a valid one.
- Have you been miss sold Payment Protection insurance (PPI)?
- No upfront charges
- Our solicitors charge 20% of recovered monies
- If successful claimants in default can apply to have their defaults and CCJ’s removed from their credit history.
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