ppi payment protection insurance

Do Not Forget About Potential PPI Claims

June 28, 2011

Consumers were the winners in the Judicial Review decision regarding misselling of payment protection insurance (PPI). Creditors like banks are now wading through thousands of PPI complaints that they have held for months or previously rejected. They have allocated £9 billion to compensate those who were missold PPI. Consumers who entered a credit agreement within [...]

How To Make Sure You Receive Your PPI

May 18, 2011

Banks have officially given up their attempts to fight the High Court regarding payment protection insurance (PPI). This means millions of UK customers can begin reclaiming their money. The waiting now begins, as banks must refund an estimated £10 billion. Consumer advocate groups are seeing to it that people receive their money in an efficient [...]

Vultures Entering Payment Protection Insurance PPI Claims Arena

May 14, 2011

Customers of UK banks are now permitted to obtain restitution for mis-sold payment protection insurance (PPI). It is easy to file a claim so there is no need to pay someone for assistance. However, unscrupulous no-win, no-fee organizations and claims management services are contacting customers offering to help wipe out debts, for a charge. Following [...]

Lloyds Banking Group Moves Regarding PPI Payment Protection Insurance

May 11, 2011

The payment protection insurance (PPI) saga goes on in the UK. Last week, Lloyds Banking Group announced that it will not pursue legal action regarding issuance of this insurance. It also has allocated approximately £2.3 billion to compensate the thousands of people who were missold PPI, which is designed to cover credit card or loan [...]

Insurance Alternatives To PPI

May 5, 2011

Legal requirements have forced British banks to reopen thousands of claims regarding missold payment protection insurance (PPI). These banks could be forced to pay £4.5 billion worth of compensation. The Financial Services Authority determined that PPI was unsuitable for many customers so these individuals should be aware of cost-effective alternatives. In itself, PPI insurance is [...]