Former N Rock customers in for 1,800 pounds compensation

Individuals who were customers of Northern Rock when the bank was nationalised in 2008 may be entitled to compensation worth approximately 1,800 pounds each.

Individuals who were customers of Northern Rock when the bank was nationalised in 2008 may be entitled to compensation worth approximately 1,800 pounds each.

A statement published by Economic Secretary to the Treasury Sajid Javid, revealed that UK Asset Resolution had identified certain Consumer Credit Act (CCA) regulated loans in the Northern Rock Asset Management portfolio where the loan documentation was not compliant with CCA requirements.

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