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Posts in the ‘News’ Category

Complaints against Halifax and Bank of Scotland surge by almost a half because of PPI

Mainly driven by complaints about payment protection insurance (PPI) Complaints rose 46 per cent in first half of this year from second half of 2013 There were 265,640 complaints made against HBOS in this period Total of  2.4 million complaints made against financial companies Complaints against Halifax and Bank of Scotland – part of Lloyds

£21 Billion claimed and Billions of ££££ still owed

Lloyds Banking Group has set aside an extra £600 million to cover payment protection insurance mis-selling claims – taking its total PPI bill to over £10 billion. Santander is also setting aside another £65 million, giving it a total bill of £816 million so far. Lloyds says it’s put aside more money due to “higher

Barclays the most complained about Bank in PPI scandal

Barclays bank was the most complained about financial firm in the first half of this year, according to the City watchdog, a rebuke that comes in the same week it was named as the most-fined financial institution in Britain. The bank received just shy of 280,000 complaints in the first six months of 2014, official

Check out the PPI Pay Out Statistics!

We provide monthly updates on refunds and compensation paid to customers who were mis-sold a payment protection insurance (PPI) policy. You can click on ‘Monthly PPI payouts’ or see the list below to find out how much has been paid each month. Monthly PPI payouts These figures come from 24 firms that made up 96%

PPI compensation predicted to boost consumer confidence this Christmas

PPI compensation payouts and the Royal Mail flotation are predicted to boost consumer confidence this Christmas 14 OCTOBER 2013 Compensation pay-outs following widespread insurance mis-selling scandals will help boost high street spending in the run-up to Christmas to £88.4 billion, analysts say. The forecast of a 2.2% rise in retail spending during the last three

More than 250 rogue PPI firms have been shut down

More than 250 rogue firms have been tackled by a specialist team set up to crack down on bad practice in the payment protection insurance (PPI) claims market. The team, created by the Ministry of Justice’s claims management regulation unit, monitors hundreds of firms that offer help with claiming compensation for mis-sold PPI. The Unit

BARCLAYS, Lloyds, RBS and HSBC have earmarked billions of pounds

BARCLAYS, Lloyds, RBS and HSBC have earmarked billions of pounds to pay for the mis-selling of payment protection insurance. So how do you know if you’re due compensation? Britain’s bankers are really not making it any easier for themselves. The latest City scandal is all about payment protection insurance (PPI) and how it has been

Lifestyle Claims’ cold-calling on mis-sold payment protection insurance (PPI) compensation

Tactics used by staff at a Swansea claims management firm to persuade customers to hand over credit card details have been revealed by a BBC Wales investigation. X-Ray looked at Lifestyle Claims’ cold-calling on mis-sold payment protection insurance (PPI) compensation. It went into administration in October, weeks after the Ministry of Justice banned it from

PPI Claims Soar

Record payment protection insurance (PPI) complaints have helped to push the total number of consumer complaints about financial institutions up by a fifth, figures from the City watchdog have shown. Complaints about general insurance and PPI in the second half of last year broke through the one million barrier to reach 1,280,940, the highest figure

Barclays is the worst PPI culprit

Barclays was the most complained-about bank in the last six months of 2011, according to the financial ombudsman, with nearly 12,000 PPI cases brought by consumers. The bank also topped the Financial Ombudsman Service (FOS)’s list for the highest number of payment protection insurance complaints, of which 99% were found in consumers’ favour. Some 84% of

Justice Minister Lord McNally has hit out over “very dodgy PPI practices”

Justice Minister Lord McNally has said companies are ‘misleading’ customers into pursuing PPI claims. Justice Minister Lord McNally has hit out over “very dodgy practices” by claims management companies dealing with mis-sold payment protection insurance (PPI). Lord McNally said customers were being “misled” into pursuing claims through companies, which they could deal with themselves for

Cheap Pet Insurance

Insurance for your Cheap Pet Insurance Cover your self for your pets vet bills,due to treat unforeseen illness or accidental injury. Vet bills are not cheap and pet insurance will cover at least some of these expenses. Some pet insurance policies cover long-term or chronic illness while others only cover conditions for a 12-month period

Lloyds Bank Stop Selling PPI!

FOS figures are expected to show 150 people a day complain about PPI, as Lloyds Banking Group calls halt to sales for loans, credit cards and mortgages Lloyds Banking Group has stopped selling the controversial payment protection insurance (PPI) across all of its brands

PPI in the Top Ten Financial Products MOST USELESS!

Which? Money report reveals the 10 financial products on which consumers waste thousands of pounds each year…

More Time To Appeal

Financial watchdog extends appeal deadline for people who believe they have been mis-sold controversial PPI Hundreds of people who believe they have been mis-sold payment protection insurance (PPI) alongside a loan are to be given extra time to refer their cases to the Financial Ombudsman Service (FOS).

PPI Mystery FSA Shopper

FSA boss Hector Sants said the regulator would conduct mystery shopping exercises and visits to financial firms to try to prevent future mis-selling scandals

Has Your Payment Protection Insurance Premium Increased Without Your Knowledge?

As many as 2 million consumers could have seen their Mortgage Payment Protection Insurance Premium increased without their knowledge. We believe a number of companies have actually increased the PPI Premiums associated with mortgage PPI arrangements while at the same time reducing

Did you purchase PPI to cover a long term loan, but the insurance sold to you covered a much shorter period which was not explained to you?

If yes, it should have been explained to you that PPI only usually covers the borrower for a period of 1 – 2 years, an example of why PPI is a product not fit for purpose and an example of mis-sold PPI.

Were the policy exclusions, such a stress related illness and back problems, not explained to you?

When purchasing insurance, policy exclusions should be fully explained to you either verbally or as part of the written policy, if not you were mis-sold PPI. Often when PPI was sold over the telephone, the salesperson neglected to cover all of the exclusions before finalising the sale.

Is PPI a Con?

Payment protection insurance is going up – when will banks realise it’s time to give something back, asks Patrick Collinson You are persuaded to buy unemployment insurance “for peace of mind” when you take out your mortgage. It costs you, say, around £25 a month. You pay it year in, year out. Then, just when

UK Demands Refunds for Mis-Sold PPI

Customers seeking refunds have flooded a banking watchdog with complaints after serious failings were exposed in the £5bn-a-year industry in Payment Protection Insurance (PPI). By mid-afternoon in one day, about 400 PPI holders had contacted the Financial Ombudsman Service, more than double the daily average. Personal finance experts say PPI is frequently unnecessary, limited and

The PPI Scandal

The mis-selling of Payment Protection Insurance (PPI) could become Britain’s worst ever personal finance scandal. The number of complaints about mis-sold PPI could eventually match the mis-selling scandals of the 1990s, including when banks had to pay out almost £8bn for wrongly transferring workers out of occupational pensions and £1bn for touting underperforming endowment policies.

The Effect of PPI Complaints

Almost a third of all complaints received last year were about PPI, says the Financial Ombudsman Service Almost 135 people a day lodged an official complaint about payment protection insurance (PPI) during the last financial year – and this figure is still rising, according to a report released today. The Financial Ombudsman Service (FOS), which

Competition Commission confirms ban on point-of-sale PPI

Watchdog rejects appeal, saying ruling will bring more choice and cheaper rates to payment protection insurance market The Competition Commission will go ahead with a ban on the sale of payment protection insurance (PPI) alongside personal loans, mortgages and credit cards, despite a challenge by Barclays. It found that even at the height of the

Competition Insurance Tribunal Decision

It was reported on www.bbc.co.uk on 16th of October 2009 how the sale of PPI continues to be engulfed with confusion and controversy. It reported that the Competition Commission intention to ‘restrict PPI sales at the point when loans are granted’ failed to be sanctioned. This decision was made after a challenge by Barclays Bank.

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Give us a call today on 0845 287 0265 or text ASK to 66777 to find if you have had PPI added to any of your finances.

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Our advisor's are trained to be courteous and professional at all times. Claiming PPI is your choice - no one elses! We will offer you all the advice you need and you will not be pressured into making any decisions you feel uncomfortable about.
Reclaim Your PPI Ltd is regulated by the Claims Management Regulator in respect of regulated claims management activities, details available and recorded at www.gov.uk/moj/cmr. Our registration number is CRM 23970. Reclaim Your PPI Ltd is a company registered in England and Wales No: 07234815. Our registered offices are 2nd Floor, 683 – 693 Wilmslow Road, Didsbury, Manchester, M20 6RE