Monthly Archives: March 2012

Households to benefit from PPI claim payouts

(28 March 2012) It is expected that household spending will increase during 2012 as a side effect of compensation paid to rectify cases of mis sold payment protection insurance (PPI), in turn benefiting the economy. Many families are likely to receive payouts once they learn how to claim mis sold PPI – and the Office Continue Reading...

Banks told to do better with PPI payments

(26 March 2012) Despite writing to consumers who may be unaware they were victims in the payment protection insurance (PPI) scandal, banks have been told they need to improve their payout systems – which will hopefully be good news for those owed compensation. It emerged recently that lenders are in the process of contacting around Continue Reading...

PPI claim refunds offered to 12 million people

(21 March 2012) As a result of the payment protection insurance (PPI) scandal, which was caused by banks wrongly selling PPI to borrowers, up to 12 million people are expected to be offered compensation payments. The total amount paid out to mis-sold PPI victims is expected to be around £8bn or £9bn. The huge number Continue Reading...

FSA orders banks to be clear about PPI claims

(19 March 2012) Following £1.9bn in payments made to financial customers who were wrongly sold payment protection insurance (PPI) by banks, the Financial Services Authority (FSA) has told lenders that they need to contact customers who may not realise they are owed compensation – and has also set down guidelines for exactly how this contact Continue Reading...

People warned to watch out for PPI claim fraudsters

(16 March 2012) Due to the huge amount of publicity surrounding compensation claims resulting from wrongly sold payment protection insurance (PPI), financial consumers are being warned to make sure they only discuss their claims with genuine and reputable organisations. Recently, a 63-year-old disabled woman from Glascote Heath in Tamworth was telephoned by a person claiming Continue Reading...

Claiming back PPI that was mis-sold !

(14 March 2012) Claiming back PPI that was mis-sold to you is really simple . Think of how you can use the money you reclaim to better your circumstances! There are dedicated and professional services available from qualified PPI solicitors to take advantage of and all you need to do is provide some basic information, Continue Reading...

PPI scandal takes its toll as lenders go under

(9 March 2012) The payment protection insurance (PPI) crisis has become so huge that some guilty lenders are buckling under the strain of a massive volume of complaints as people claim PPI back. Norton Finance and Norton Insurance Services have been placed into administration following a struggle to deal with claims. As a result, their Continue Reading...

PPI complaints rise for Lloyds

(7 March 2012) New statistics have shown that complaints made to Lloyds Banking Group in 2011, related to payment protection insurance (PPI), reached more than 500,000. This figure was double the total of complaints to the lender about other issues, representing a rise of 130 per cent in complaints aimed at claiming PPI back and Continue Reading...

Calls for faster PPI claim payouts

(5 March 2012) There has been growing pressure for lenders to improve the rate at which compensation for mis-sold payment protection insurance (PPI) is paid out to victims. During 2012, it has been estimated that banks and other financial services companies were likely to hand over £4bn in post-claim payments to people who were wrongly Continue Reading...