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PPI Complaints Set To Continue In 2010/11 – Make you PPI Claim Today
PPI Complaints Set To Continue In 2010/11 – Make you PPI Claim Today
Claims for PPI mis-selling continue to spiral. Banks still fob off claimants but claims that are managed well and persevere are largely successful – do not be deterred.
Liverpool,
Merseyside,
United Kingdom
(prbd.net)
02/08/2010
"PPI Return use their considerable knowledge and many years of experience of PPI claim management to break through the bluff and rhetoric many experience at the hands of banks. "
The Financial Services Ombudsman (FOS) predicts that in 2010/11 the number of Payment Protection Insurance (PPI) claims will rise. FOS have anticipated a rise after first quarter figures showed that FOS received 13,520 new claims during this period. FOS have revealed that in April, May and June, 34% of all complaints escalated to FOS were for PPI claims. Of these claims that were escalated, 81% were resolved in favour of the claimant consumer.
It would appear therefore that a large majority of claims escalated to FOS result in a successful outcome for the claimant. Why therefore are so many claims escalated to FOS?
PPI Return PPI Return have found that banks and financial institutions tend to give out standard rejection letters to any PPI claims as they know this will deter a large majority of people from taking any further action. The bank’s first action tends to be to try and fob customers off. A secondary response is to offer a “goodwill gesture” and offer compensation significantly lower than the real claim value. By this stage many PPI claimants have either lost the impetus or accepted a much lesser compensation package.
PPI Return PPI Return, as PPI claims specialists work exclusively for victims of PPI mis-selling and work to gain the highest return for any PPI claim. PPI Return use their considerable knowledge and many years of experience of PPI claim management to break through the bluff and rhetoric many experience at the hands of banks.
PPI mis-selling has been so widespread that there is no typical demographic or individual. Many remain unaware of the fact that they were mis-sold PPI but some of those most affected include:-
• The self employed were largely mis-sold PPI as PPI terms and conditions may well have precluded them from making a claim.
• Those retired or approaching retirement. Again terms and conditions would have limited the potential cover.
• Anyone suffering from long term illness.
ABOUT
PPI Return is one of the UK’s leading PPI claims law firms with a wealth of experience and highly qualified legal advisors.
PPI Return is dedicated exclusively to helping clients regain mis-sold Payment Protection Insurance (PPI) payments. There are many thousands of people in the UK who were either mis-sold PPI or not informed of how the PPI worked when taking out loans. PPI Return works to correct this wrong doing and works on a highly competitive fee basis. PPI Return provides an online ’60 Second Test’ where you can quickly assess if you are entitled to make a claim for mis-sold PPI in addition to Web Chat with PPI Claim specialists.
CONTACT
PPI Return
Mersey Chambers
5 Old Churchyard
Liverpool
L2 8GW
Tel: 0800 877 8888
info@ppireturn.co.uk
PPI Return