February 23, 2012

PPI News – What Now For PPI Refunds?

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In a recent judicial review, brought by BBA (principally), against the updates of the Financial Services Authority (FSA) and Financial Ombudsman Services (FOS), and the judges rejected BBA’s arguments claiming the rules were unfair because they were retrospective. The BBA isn’t going to ask for an appeal; therefore, all the claims which were put on [...]

PPI News- Change Your PPI Policy And Save Thousands!

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Although you can obtain PPI coverage from your lender, it is not always needed. Make sure you need the coverage before purchasing it, because it can get very expensive to obtain. However, if you do decide to purchase PPI insurance, decide on the right coverage for your needs, in order to save the most money. [...]

PPI Latest News – Barclays Agree To Settle PPI Complaints

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It is a wise move by Barclays to settle the numerous law suits relating to their administration of the popular Payment Protection Insurance plans’ customer complaints. They can well afford to since their bottom line has been greatly swelled by the program. In the future, the consumer can only hope that these will be the [...]

PPI News – Lloyds Says Sorry For PPI Mis-selling

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The UK’s largest PPI seller, with an estimated 40% market share, admits some of its sales processes were flawed and concedes it didn’t always treat consumer complainants fairly in the past. Lloyds said they will recruit and train 500 staff to handle complaints and it will listen to complaints it previously rejected. Lloyds has made [...]

Bankruptcy is not the end of the world although it still carries a stigma.

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In some ways it is better than the IVA option where someone else controls your finances. It is important to note at this point that declaring yourself bankrupt is not something that you should do lightly, and you should seek qualified advice. If you own your home jointly there may be steps that you can [...]

What Is PPI And When Is PPI Mis-sold?

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In case you are wondering what a  PPI is, it is a Payment Protection Insurance. That means that if you get sick or injured and can’t provide your payments on time, they provide them for you. The only problem is that many larger companies mis-sold customers policies. If you purchased a  PPI in the last [...]

How to Reclaim PPI

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Consumers looking to find out how to Reclaim  PPI have gotten a new ally in the since late last year and the beginning of this year. PPI stands for Payment Protection Insurance and is an added service for personal loans, general debt and credit card debtors. It serves the purpose of taking over the payments [...]

PPI Reclaim

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A recent high court ruling puts money back in your pocket. You might have been illegally sold payment protection insurance known as  PPI if you’ve had a loan, credit card or other type of debt within the last six years. Exclusions found in the small print of the insurance policy render it virtually useless in [...]

What Is PPI And What If I Have Already Got Expensive PPI?

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Do you already have expensive PPI? If you are a person who already has expensive  PPI it is possible that some lenders will let you cancel it while still allowing you to keep your loan. This type of scenario is actually becoming increasingly popular because of regulatory changes that were made last year. What this means [...]

Is Debt Consolidation Option?

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Debt consolidation is a smart financial option when unsecured loans are out of control. Many consumers are interested in combing their bills into one loan that carries a low, fixed interest rate. This means of financial debt restructure allows individuals to eliminate high interest bearing credit cards, personal loans, and department store accounts. To obtain [...]