PPI Claim Guidelines
There is a long and messy legal battle between customers who have taken out a loan, or finance agreement and the lender of that loan or agreement. The battle focuses around the sale of a product or ‘add on’ to the loan or finance agreement, this add on is Payment Protection Insurance, or PPI. PPI is a policy that covers the purchaser during any inconvenience, such as accidents, illness or job losses were the result could end in defaulting on loan repayments.
Extension Form PPI Complaints
Consumers that have been mis-sold Payment Protection Insurance on loans they have taken have been given some breathing space to submit their claim for compensation by the Financial Services Authority (FSA)
Competition Commission Set To Ban PPI
The financial world has suffered heavy losses over the last few years as we all know through the global economic downturn. And just as the UK banks thought it couldn’t get much worse, thousands upon thousands of the UK population started to get wise about a new scandal, commonly known as Payment Protection insurance (PPI).
8K Written Off For Misold PPI
A South Shields woman has had 8,000 written off her MBNA credit card due to misold PPI (Payment Protection Insurance). The ruling, by judgment at Newcastle-upon-Tyne County Court, understood that Lynne Thorius was falsely misold PPI when she took out the credit card in 2002.
Were You Missold Payment Protection Insurance?
If you have a credit agreement in place and where not made aware by the advisor of the following terms when you took out your payment protection insurance then there is the distinct possibility that the PPI you have could have been misold to you:
Don’t Be Fooled Into Paying For PPI
The idea of Payment Protection Insurance is to help consumers feel secure that in the event of something unforeseen, they are covered for repaying their debts. But the truth about how banks and lenders use the product has emerged; it has been sold to people who are unaware, cant afford it or want it but don’t know they are ineligible. Most banks cunningly tag on PPI to any loan or credit and bank are pressured with bonus incentives to sell as much as possible.
Expense Scandal MPs Will Be Forced To Pay Back Legal Aid
Three Labour MPs at the heart of the expenses scandal refused to pay back their fraudulent expenses, they are now facing court after unsuccessfully attempting to claim an ancient bylaw of parliamentary immunity and they are intending on using state funded legal aid in their defence. This move was condemned by Prime Minister Gordon Brown who declared they will have to pay back the costs.
Banks Make A Killing On Hidden PPI Sales Each Year
Major high street Banks and other financial service providers have recently offered a product called Payment Protection Insurance (PPI) to cover the consumer against the unforeseen lack in ability to repay a loan agreement.
