HSBC is the latest bank to reveal that they have had to significant increase their Payment Protection Insurance (PPI) liability costs. The banking group said that they had now set aside £745m to pay back people involved in the missold … Continue reading
There have been several instances reported in past months of fraudsters conning vulnerable consumers out of money by using Ukash vouchers. In these cases, thieves would cold call residents and explain that missold Payment Protection Insurance (PPI) compensation could be … Continue reading
It has been revealed that the total sum set aside to pay for Payment Protection Insurance (PPI) compensation has now risen above the £6bn mark. With a sharp rise in the number of complaints being received in the past few … Continue reading
Utilising a regulated and trusted claims company for Payment Protection Insurance (PPI) compensation is paramount after banks highlighted that some companies continue to bully financial institutions out of money. In 2011, the Ministry of Justice cancelled its authorisation on 734 … Continue reading
There has been much debate over Payment Protection Insurance (PPI) after it was found that the product was missold to hundreds of thousands of people in the UK. Whilst the product can be a great financial protector for those buying … Continue reading
It isn’t only financial institutions which have been involved in the Payment Protection Insurance (PPI) scandal, and the Financial Services Authority (FSA) have now revealed that used car firm, UK Car Group, has been fined for poorly managed PPI sales. … Continue reading
It has been suggested that many consumers may have to wait up to a year for their Payment Protection Insurance (PPI) compensation to be paid, despite the Financial Services Authority (FSA) setting a 28-day period. Many banks saw a backlog … Continue reading
Over the past year, Payment Protection Insurance (PPI) has been embroiled in a scandal after it was discovered that, in thousands of cases, it had been wrongly sold to customers. Whilst PPI remains a good product for those who want … Continue reading
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