Clydesdale PPI charge soars

Earlier this week we learnt that the Clydesdale PPI charge was having an additional £450m set aside for it.

Clydesdale and its sister bank Yorkshire have been dumped by their parent bank, the National Bank of Australia (NAB), due in no small part to their contribution to the PPI scandal.

It became clear to NAB that the toxic banks were damaging both profit levels and reputation, leading to 97% of its shareholders voting to demerge.

Poor complaint handling

Clydesdale and Yorkshire Bank tactics of ripping off customers didn’t stop when the PPI scandal came to light.

On 16th April 2105 the regulator handed what was the biggest PPI related fine to date to Clydesdale / Yorkshire for their serious failings in handling and manipulating complaints.

The banks were found guilty of providing false information and falsifying records to attempt to make it look like they held no records of PPI sales.

This has inevitably led to customers simply not trusting the disgraced banks when handling claims.

Total Clydesdale PPI charge

This latest £450m addition takes the overall charge to Clydesdale Yorkshire to £2.1bn, a huge number when you consider the size of the banks.

It also takes the total costs to UK banks and lenders to £37.1bn, and closer to the £42.5bn our experts believe the final bill will be.

Have you had PPI?

PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.

Not sure whether you’ve been sold PPI?

Our fast and comprehensive checking systems that have been set up with almost all banks allows us to find out whether you’ve been one of the millions who have had PPI.

Not sure whether you qualify? Check here to see whether you may.

Our average successful customer award is £3,332**!

Want to know how much you may be owed? Why not try our PPI calculator.

Making a PPI Claim

Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your PPI claim.

Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.

Our experts are on hand to answer any questions you have via telephone, email or our live chat facility.

Clydesdale PPI charge soars