The widespread mis-selling of payment protection insurance by banks and other financial institutions is one of the major scandals of the early 21st century in Britain; the majority of people who took out credit cards, began a mortgage or took out a loan in the 1990s and onwards were probably mis-sold PPI. in some cases consumers have been able to claim back mis-sold PPI with little or no evidence of wrongful practice by the financial institution. Payment protection insurance became a highly profitable product used by banks and credit card companies to increase their profits from the 1990s onwards. The insurance is provided to give protection for customers in the event of an illness, injury or loss of job that results in the customer not being able to work for a prolonged period of time; because of the profits made from ppi many banks began unscrupulous practices to attach them [...]
October 21, 2012
September 22, 2012
Claim PPI Compensation With A Uk Claims Management Company
PPI (payment protection insurance) is a plan that protects in case borrower is not in a position to make payments and comes in the form of lump sum that is added to your loan agreement by your lender without telling you about it. If you have a mortgage, loan and credit card, you may be one of the thousands who may be unknowingly paying for PPI. Ideally, lenders should give you a choice whether you want to take out the PPI insurance or not, and not doing so is the most common forms of mis-selling in the UK. In some cases, instead of protecting you from your unsettled debts, mis-sold PPI can even disrupt your finances. In case PPI has been mis-sold to you, you can claim PPI compensation and a UK claims management company can help you in securing it. Choosing the right company When big banks in UK [...]