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Payment Protection Insurance (PPI) Negligible Chance of Payout – Claim Back Mis-Sold PPI Now
Payment Protection Insurance (PPI) Negligible Chance of Payout – Claim Back Mis-Sold PPI Now
Payment Protection Insurance (PPI) was not only largely mis-sold but only paid out in a minority of cases. Check now to see if you are eligible to have your PPI compensated.
Liverpool,
Merseyside,
United Kingdom
(prbd.net)
01/09/2010
"Consumers are urged to contact the company as many banks are now offering “goodwill” gestures that are significantly lower than the entitled compensation."
Payment Protection Insurance (PPI) has without a doubt been one of the biggest financial scandals to hit the UK. In contrast to mainstream insurance, PPI was not only largely mis-sold but also had a very low payout rate in the event of needing to make a claim. Home insurance paid out on average to 54% of claims and 78% of motor insurance claims benefited the consumer. Successful PPI claims stood at paltry 14% - a policy intended to support but with low chance of being much help.
Banks and financial institutions are on average rejecting 50% of mis-selling complaints outright and pushing the responsibility on to the Financial Ombudsman Service (FOS). FOS in contrast uphold as many as 81% of claims. It would therefore appear that the financial industry is continuing to ride the PPI scandal – continuing to take advantage of financial consumers throughout the UK. If more staggering statistics are needed, estimates by the Competition Commission’s believe that PPI suppliers have overcharged consumers by £9.8bn and that by 2015, the number of complaints escalated to the FSA will wise to 2.75 million.
PPI Return, as PPI claim specialists work to ensure that claims do not need to be escalated to FOS. Their significant experience means that they can quickly and efficiently wade through any rhetoric or outright rejection by banks. PPI Return work hard to gain the highest level of PPI compensation for mis-sold financial insurance. Consumers are urged to contact the company as many banks are now offering “goodwill” gestures that are significantly lower than the entitled compensation.
PPI Return would like to hear from anyone who believes they may have been mis-sold PPI. While there is no typical demographic – as many may been sold PPI without their full knowledge, acceptance or being allowed to look for more competitive coverage – the self-employed, anyone with long-term illness or those retired or approaching retirement are often the worst affected by PPI mis-selling.
ABOUT PPI RETURN
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