If you took out a credit card in the last ten years, you might have been told about an insurance policy which was designed to protect you if you became unable to make your payments. The Payment Protection Insurance (PPI) would make your minimum payments for you, leaving you free to concentrate on getting better and getting back to work.
In the latest PPI news from the Financial Ombudsman Service, a record number of complaints about PPI have been recorded against the biggest banks and lenders. In figures just released, a staggering 283,251 complaints were recorded by the ombudsman in the last 6 months of 2012, up by over 100% from the previous 6 months. This coincides with news that
Banks have sold Payment Protection Insurance (PPI) to customers who took out a credit card or a loan. The policy was sold to nearly every customer who applied, even if they were unsuitable. PPI was meant to help a customer out in a time of difficulty, instead the customer has paid for a service they would never have been able
If you took out a credit card or a loan in the last ten years, then you would have been offered Payment Protection Insurance. This was originally designed to help you make your repayments if something happened to you. It was sold as standard on most polices, even if the policy holder was ineligible to ever make a claim. There
Before understanding PPI calculators it is important to understand PPI itself. Payment Protection Insurance (PPI) is an insurance that will cover your payments against loans, credit card debt, car finances and mortgages in case that you are unable to repay them. The fact is that PPI has been mis-sold to some people – whether it is because the policy was
Have you ever wondered about when did PPI begin getting mis-sold? PPI mis-sold is an issue that has become extremely common these days with outcry from millions of people who want to have their money back. Earlier, banks and other kinds of lending institutions were very honest about selling PPIs or Payment Protection Insurance policies. However ever since they realized
It is your right to claim back what is rightly yours if you fill like you were misled. When it comes to money matters, most people or agencies find it hard to make a refund and therefore the steps you take are what would determine whether you recover the money or not. Most people wishing to go for a PPI
PPI News has continued to make headlines highlighting failings by lenders when selling PPI in the past. Mis selling of PPI policies have been brought to public attention and banks, financial institutions and brokers are liable to reimburse customers PPI premiums paid with interest according to PPI News. Lloyds Banking Group has been the most affected organization recording the highest
Payment protection insurance is a popular topic in news companies throughout the UK. During the recent boom in the economy many banks sold PPI policies in a illegal fashion. The latest PPI news has revealed that many banks will be forced to reimburse all customers who were sold PPI policies without being fully aware of the specifications of their PPI
What is PPI News? It stands for Payment Protect Insurance, frequently included in lending contracts. If you have to repay your loan monthly, you have to understand what is PPI and how it affects you. Things can happen unexpectedly, so when you are suddenly without a job, or become injured and unable to work, the insurance kicks in. The insurance
