PPI

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 spokesperson claimed that the insurance industry is in [...]

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 spokesperson claimed that the insurance industry is in [...]

After the judicial hearing earlier in 2011 due to mis-sellings on PPI loans by banks, the number of claims to the Financial Ombudsman Services (FOS) continues to grow day by day. Just recently, the FOS has stated that they are receiving over 1,000 claims per week, and see no letting up any time soon on [...]

PPI News In the last six years, you might have taken out a loan. If you did then you probably had a PPI tacked onto your policy without it being discussed with you. This was common for lenders to do; they just assumed that their customers wanted the insurance. The lenders didn’t look at the [...]

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. [...]