Mis-sold Mortgage Claims > Mortgage News
Lloyds TSB Has Missold 1.64 Million Payment Protection Insurance Policies
Thu, 22 Sep 2011
It has come to light that in the past decade Lloyds TSB has missold around 1.64 million Payment Protection Insurance (PPI) policies.

The average claim is £2,750.

The bank has put aside £3.2 billion which equates to 1.64 million PPI policies.

This demonstrates the immense scale of mis-selling that Lloyds TSB has been involved in.

You may indeed be the victim of a mis-sold mortgage. Should you have taken out a credit agreement for mortgages, loans, credit cards or car finance in the last 10 years with Lloyds TSB, it is very likely that you have been asked if you wanted PPI or it was put onto your loan agreement without your knowledge.

PPI is usually called LPI or Loanguard Protection Insurance by Lloyds TSB; when sold, it is provided to you as an extra loan on top of your initial loan you are requesting.

This then is added onto your overall debt and APR, immediately and drastically increasing your debt .
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