Find out more about claiming back mis-sold payment protection insurance on loans, mortgages and credit cards.
The payment protection insurance cases that have been working their way through the courts have delivered some interesting obstacles for consumers and claims management companies along the way, and the sheer pace of development in the sector has given rise to the need for a dynamic, fluid approach to claims negotiation. Following the recent petition [...]
The Competition Commission has recently published a final order which seeks to introduce competition into the payment protection insurance market. The point-of-sale prohibition won’t come into effect until 06 April 2012. It will prevent lenders from selling PPI at the same time as loans and other financial products. Lenders looking to sell PPI will have [...]
Payment protection insurance or PPI is a type of insurance coverage to protect an outstanding loan or credit card. This is often sold by banks along with the credit products they sell. The main purpose of this is to insure the debt of the borrower in case of sickness, accident tor unemployment. This is fine [...]
There is nothing inherently wrong with payment protection insurance. The issue we have is the way in which it was mis-sold to consumers. Some people rely on payment protection to cover them if they are unable to work due to accident, sickness or unemployment. However, many people are ineligible to claim on the policy, perhaps [...]
The best way to figure out whether or not you have taken out payment protection insurance (ppi) is to check your credit agreement. It should be stated on the agreement as a separate cost. In the case of credit cards, if you have an outstanding balance, it will usually show on your monthly statements. Many [...]
PPI stands for payment protection insurance and is an insurance policy specifically created to help you keep up with your loan or credit card repayments in case you find yourself unable to work due to accident, sickness or unemployment. In theory, this sounds like a good policy to have and a proportion of people who [...]
Insurance is an essential financial necessity; there is health insurance, car insurance and life insurance. For this reason, financial institutions, credit card companies, personal loan firms etc have taken advantage and exploited millions of consumers by mis selling payment protection insurance to them. Payment Protection Insurance, also called PPI is an insurance that if sold [...]
The Competition Commission has recently announced its intention to ban the sale of PPI at point of sale, meaning that banks and lenders will only be able to sell PPI to its customers seven days after granting them credit in the form of a loan, mortgage or credit card. This is good news for consumers, [...]
Following on from the banks’ decision to challenge the new FSA measures regarding the treatment of ppi claims, Lloyds TSB Banking Group has taken the decision to put all ppi claims on hold. Here at Simplicity Claims, we are currently reviewing existing cases and establishing a new procedure for dealing with new claims where the [...]
You have probably seen the news on the television, the internet as well as numerous print sources in regards to the fiasco regarding payment protection insurance and all the consumers who are claiming back PPI repayments and fees. This has been an ongoing situation for the past several years throughout the UK. As a consumer [...]