Latest News


PPI – Banks above the Law – But Reputation in the Gutter

High street banks and avaricious insurance brokers prized Payment Protection Insurance (PPI) above all other insurance type products - it was money for nothing - and the cash just kept rolling in, until that is - the Financial Services Authority (FSA) finally blew the whistle.

PPI generated vast profits without giving much back in return - and even when they were hit with a valid claim, which wasn’t very often – what they paid out, was peanuts compared to what they were raking in! This wasn’t “good” business, it was criminal! When Parliamentary ministers were finally brought to book over the expenses scandal many were hauled before the courts - some were even punished: lost their jobs, went to jail. The world of banking and high finance it seems is immune to such rules and regulations.

British Banking was once an honourable profession and has been for centuries – our institutions were the bedrock of civilised society. However, that respect is now destroyed. But the sad thing is: no one has stood up and apologised! We have heard how staff will be better trained in future…but trained in what – how not to get caught next time! Trained in how better to cheat! “Sorry” cannot turn the clock back, but it would go some way in finally putting this disgraceful episode behind us. The silence is almost deafening.

Despite the fact that PPI was designed to protect people and ensure they were able to meet loan and mortgage repayments in the event they should be deprived of income:  through redundancy, illness or injury, the reality was they weren’t!

PPI was systematically mis-sold to millions of borrowers, but after the FSA ruling earlier this year, found not in favour of the lenders: those cheated are now finally able to claim back the money that they are owed. Many people found that after taking out a loan, they had protection insurance added to their account without their knowledge. The result of this landmark ruling is that billions of pounds have been set aside in anticipation of the flood of complaints that is expected.

PPI is quite a complex financial area, and all policies carry specific conditions and exemptions, more reason for being studied carefully to determine the eligibility criteria. Did you know how these conditions applied to you when discussing and before agreeing on the policy? Many people did not, and that’s where you were let down. If any of this sounds familiar then it sounds like you need advice. But do choose the source of that advice wisely. 

If you think you may have been mis-sold a payment protection insurance policy, then speak to one of our team. Whether you feel, or just fear you were mis-sold PPI by a bank, building society or other financial institution, you could be joining the tens of thousands who have successfully received a full refund. You’ve nothing to loose, but perhaps, a lot to gain.

However, if you find the prospect of making a claim somewhat daunting, or don’t have the stomach to fill in lengthy questionnaires and having to deal with indifferent providers, then don’t worry - we can usually give a quick answer as to whether you are eligible to claim back PPI, and if you are... we’ll act on your behalf - we’ll deal with the ‘indifferent sales staff’’. Even if you can’t find your policy paperwork…it’s not necessarily a lost cause, as somewhere along the paper - or - cyber trail, there will be records to help verify your claim.

 






Add your own comment to this article







Your comment has been submitted   (A moderator will approve this shortly).



< Click to view article archive


BulletpointsAverage claim value £2500

BulletpointsNo Win – No Fee* PPI Claims

BulletpointsNo Upfront Fee's

BulletpointsOn average our PPI claims take 12 weeks

BulletpointsCompetitive 20% inclusive of VAT Success Fee

BulletpointsProven track record* for all PPI claims


How much money could you be entitled to?
Make Your PPI Claim





















Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK

















Next



< BACK













Congratulations! You're one step closer to receiving your compensation for mis–sold Payment Protection Insurance.


If all details look OK you will receive a Claim Pack through the post, usually within 48 hours. If there are any issues we need to discuss one of our advisors will call you.


Either way you need to return your Pack as quickly as possible to prevent any delays with your claim!