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Payment Protection Insurance (PPI) – Make Sure You Get Maximum PPI Return When you Claim
Payment Protection Insurance (PPI) – Make Sure You Get Maximum PPI Return When you Claim
A recent report by the BBC believes that as many as 2.75 million people could be refunded as much as £2.7bn for mis-sold Payment Protection Insurance (PPI).
Liverpool,
Merseyside,
United Kingdom
(prbd.net)
23/08/2010
"Analysts believe that the average compensation will vary from £900 for those mis-sold regular-premium PPI policies to £1,800 for those mis-sold single-premium policies."
Banks and financial companies have been given until 1st December to implement new rules and procedures for dealing with mis-sold PPI complaints as a result of directives handed down by the Financial Services Authority (FSA).The FSA has found "wide and deep evidence of weaknesses in PPI sales". There has been equal press coverage of the poor management of PPI claims against banks who at first try to deter, defer or even bluff their way out of making compensation available to victims of PPI mis-selling.
With the forthcoming rules, FSA and media condemnation alike, one would assume that making a successful PPI claim would become easier. The reality is however less promising. Financial institutions still continue to use blanket rejection letters in their attempts to avoid payment. Next up they offer ‘goodwill’ gestures – significantly inferior to the real PPI compensation individuals are entitled to.
Analysts believe that the average compensation will vary from £900 for those mis-sold regular-premium PPI policies to £1,800 for those mis-sold single-premium policies.
PPI Return have been flooded by enquiries from consumers who have been mis-sold PPI. In their experience they are finding that many of their clients are having their PPI complaints immediately rejected by financial institutions. From thereon in the typical scenario is that only 30% continue to take their claim further and the banks have effectively won to hold on to money that rightly should be compensated.
PPI Return are keen to hear from anyone who may have been a victim of PPI mis-selling. As experienced PPI claims specialists they are confident that they can carry a claim through the right result – PPI compensation with the right payout.
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
http://www.ppireturn.co.uk