Lloyds TSB are still behind with PPI compensation payments
04 December 2011
Lloyds TSB are still behind in clearing a massive backlog of unpaid PPI compensation
It is reported that many Lloyds customers have waited for more than 90 days to receive their PPI compensation since receiving confirmation of how much they will be paid.
There was previously an agreement that PPI victims would be paid within 28 days of theri complaint being withheld but the reality is that most are waiting far longer than this.
Dean Dunham of You and Your Rights said "I find it amazing that these big financial institutions that make millions of pounds profit cannot organise themselves better. Times are hard for many people making these compensation payments vitally important for most who are waiting for them. The banks therefore need to deal with this as a matter of urgency".
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