Banks all over the country are handing out compensation to millions of customers for mis-sold PPI claims dating back as far as the 1990s, but some people are having trouble claiming back the money they’re rightfully owed. At Moneybright, we’re bringing you the lowdown on how various banks and lenders are handling the PPI debacle. We’re offering impartial information on everything PPI right here.

Can You Claim Back PPI From Black Horse?

Black Horse Finance is part of the Lloyds Banking Group. You may have already received a letter from Black Horse about your rights in relation to mis-sold PPI. Letters regarding PPI should give clear and concise directions about what to do if you believe you are entitled to compensation and should be free from marketing materials and technical jargon. However, if you haven’t received a letter, that doesn’t mean you cannot claim.

Claiming Compensation

As with claims from other lenders, you have two main options in terms of proceeding with a claim against Black Horse for mis-sold PPI. You can either claim directly by getting in touch with Black Horse. Alternatively, you could use a claims management company.

Our advice, however, if you do use a claims management company, is to make sure you’ve read all the small print before signing anything and that you do make yourself fully aware of the fees beforehand. PPI claims management companies in the UK generally charge between 20% and 30% of your successful claim amount, plus VAT additionally.