Sentence examples for sold payment from inspiring English sources

To be sure, some of the increase could be the result of people cashing in their windfalls from compensation for wrongly sold payment protection insurance (PPI).

Lloyds had admitted that it sometimes sold payment protection insurance, which would cover mortgage or other payments in case of unemployment, to customers who were not eligible for it.

DealBook » Barclays Sets Aside $1.1 Billion More for Insurance Claims  |  The British bank has earmarked an additional £700 million to compensate clients who were inappropriately sold payment protection insurance.

The loss resulted from a 3.2 billion provision the bank made last August after it inappropriately sold payment protection insurance, which covered customers if they were laid off or became ill.

The British bank said it had made a new provision of £400 million to reimburse clients who were sold payment protection insurance, which covered customers if they were laid off or became ill.

The bank also recently faced a $1 billion bill to compensate clients to whom it inappropriately sold payment insurance, and it might yet have to compensate some customers that had bought a certain interest rate-hedging product.

The bank also set aside an additional £375 million to compensate customers who were inappropriately sold payment-protection insurance, aimed at covering customers if they were laid off or became ill.

Lloyds has taken £17bn in provisions for mis-sold payment protection insurance since 2011, sold most of its operations outside the UK, demerged TSB and cut costs.

In the UK, the lender has set aside about £2.53bn to repay people mis-sold payment protection insurance (PPI) and it is braced to repay some small businesses who should never have been sold so-called interest rate hedging products - complex bets on which way interest rates on their loans might go - to the tune of about £616m.

If you haven't yet been awarded compensation for mis-sold payment protection insurance, what should you do?

In February Barclaycard wrote to say I had been mis-sold payment protection insurance and would be awarded £760.61.