Mis-sold PPI Explained

PPI

PPI insurance is taken to protect a lender or financial institution from the risk involved in handing out money on loans, credit cards, mortgages and more. If the borrower is unable to repay the debt due to accidents or illnesses that make them unproductive, the PPI comes in and settles the debt for a certain [...]

PPI Reclaims – Do It Yourself

PPI

When it comes to PPI reclaims, there are a few ways you can go about it. You may decide to work with third party companies who will make the claim for you, or do it yourself. Working with a third party company is easy as most of the paperwork is done for you. The company [...]

What Is PPI And Why Is PPI Mis-sold?

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Payment protection insurance ( PPI) is commonly mis-sold because it is extremely profitable for the banks selling it. In fact, the cost of  PPI often far exceeds the interest paid on the loan. Additionally, only a small fraction of the money taken in by  PPI is actually paid back out again. In a June 2008 [...]

Claim on PPI

PPI

Do you have a claim on  PPI? If you are among the millions of UK consumers wondering if you have a valid claim on  PPI mis-sellings, there are a couple’s ways to find out. The first step to take is check your loan information to see if you have been paying on a  PPI policy [...]

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 [...]

Filing your claims for PPI

PPI

Claims for PPI mis-sellings have hit an all time high due to the scamming and dishonest selling of these policies to many unknowing or misled consumers in the UK. Millions of consumers have been mis-sold on their insurance policies, either through their lender dishonestly telling them PPI insurance was required to be purchased to obtain [...]

What Is PPI And How Do I Decide If I Still Want PPI Cover?

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When many of us take out loans, mortgages, or some type of credit product, we expect to pay some amount of interest on the loan. Many times the lender will insist that you take out some sort of insurance protection on the loan. This payment protection insurance, credit protection insurance, PPI, or loan repayment insurance is [...]

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PPI News-Financial Ombudsman Criticises Insurers For PPI Misselling PPI Claims are going to cost banks billions in compensation to consumers. This industrial mis-selling which took place was not going unnoticed in the insurance sector, yet nothing was being done, and consumers were paying the price; at least from Financial Ombudsman Service’s perspective (FOS). An FOS [...]