PPI (Payment Protection Insurance) was initially designed to cover repayments in case policyholders became ill or lost their job. However, it was recently revealed that PPI was wrongly mis-sold to millions over the last decade who would never even be able to make the claim due to restrictive terms, and the majority of customers were not aware (some are still not aware!) that they had even purchased PPI. The ...

As with all legal processes, making a PPI claim can be complicated and time-consuming. Yet some banks and lenders are now encouraging borrowers to handle the cases themselves and not take expert legal help from claims management companies. The Financial Services Authority (FSA) has said these letters must be clear and not use jargon, and could encourage thousands of people to handle a PPI claim themselves. ...

Millions of Britons could be entitled to PPI compensation for being sold a policy they did not want, need or know about alongside their borrowings. PPI mis-selling has become a big issue in recent times, and among those most affected are civil servants. Those employed as civil servants or with jobs in organisations such as the NHS, emergency serves or armed forces are ineligible for PPI. Because of the sick ...

It's very rare to speak to anyone who hasn't heard about the recent PPI scandal, but have you actually looked in to your own circumstances? It is vital that you check to see if you are entitled to compensation for mis-sold PPI. Mis-sold PPI is illegal, it is money that has been taken from you without your knowledge and it is your right to seek compensation for the financial losses you have suffered. When yo ...

In 2011 a high court case between the high street banks and The Financial Ombudsman Service (FOS) found in favour of the FOS. Which has meant that the banks need to compensate people who were mis-sold the personal payment insurance on loans. The FOS are looking at recruiting more stand to cope with the huge volume of enquiries around PPI claims. They anticipate increasing staff from 1,890 to 2545 over the n ...

You may have heard in today’s (recent) news that the Banks will be writing to past PPI customers to whom they mis-sold PPI. But we’ve seen and heard it all before, you may recall the Mortgage Endowment mis-selling scandal that cost the public millions and left ordinary customers like you well out of pocket. Damage Limitation The Bank’s only wrote to customers as a damage limitation exercise so as to prevent ...