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Archive for May 18th, 2012

Average individual savings as a result of PPI compensation

It has been revealed that the average amount of savings held by people in Britain has risen by 18 per cent for the first quarter of 2012, largely led by many people having received Payment Protection Insurance (PPI) compensation. With a double dip recession making British individuals more money conscious than ever before, the average Read the full article…

Importance of utilising trusted claims firms highlighted as Tucan Claims go silent

For the thousands of people in the UK who are currently seeking compensation for missold Payment Protection Insurance (PPI), finding a claims firm can often be the first step. Such companies normally offer a no win, no fee option, and enable people to avoid much of the hassle in trying to recoup their lost money. Read the full article…

Scottish women conned with PPI fraud

Despite a large number of reports highlighted that fraudsters are using the missold Payment Protection Insurance (PPI) scandal to dupe money out of people, an elderly Scottish women has now been another victim. Last week, the 61-year-old Fintry local was duped out of over £100 as a cold-caller said that she was owed missold PPI Read the full article…

PPI compensation recipients urged to check tax

HM Revenue & Customs (HMRC) has recently reported that many thousands of people will have to pay tax on the interest that they received on top of their Payment Protection Insurance (PPI) compensation. However, whilst much of the news has highlighted the need for forthcoming claimants to check whether tax has been made at source, Read the full article…

PPI Compensation to pass £10bn

New figures have been unveiled that indicate that the total cost of missold Payment Protection Insurance (PPI) will cost the financial industry more than £10bn. Throughout April, figures for the total compensation package were largely expected to reach £8bn. However, the latest data reveals an underestimation, with claimants gaining back far more than initially believed. Read the full article…

New rules will offer future for PPI

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 it in the right way, missold PPI cases have caused a huge amount of negativity. Read the full article…