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Payment Protection Insurance (PPI) Claims To Rise - PPI Return Advises To Claim Back Mis-Sold PPI
Payment Protection Insurance (PPI) Claims To Rise - PPI Return Advises To Claim Back Mis-Sold PPI
PPI claims are set to escalate over the next five years and compensation could reach £4 billion.
Liverpool,
Merseyside,
United Kingdom
(prbd.net)
29/09/2010
"PPI complaints generated 30,000 new cases, three times more than the combined totals for mortgages, investments, and pensions in the first half of the year."
The Financial Ombudsman Service (FOS) has received a record number of complaints by consumers who have been mis-sold payment protection insurance (PPI).
PPI was sold to cover loan payments and has became the single most complained about financial package. PPI complaints generated 30,000 new cases, three times more than the combined totals for mortgages, investments, and pensions in the first half of the year.
High street banks Lloyds, HSBC, Royal Bank of Scotland, Santander and Barclays received the most PPI mis-selling complaints. When escalated to FOS, almost 81% are settled in favour of the claimant.
PPI Return would like to hear from anyone who believes they may have been mis-sold PPI. The company work hard on behalf of clients to reclaim payments for clients who were mis-sold PPI. Those most affected by PPI mis-selling include the self employed, anyone suffering from long term illness, the retired or those approaching retirement. These are just a few cases where PPI may have been mis-sold. Other victims of PPI mis-selling include consumers who were not given the choice to find alternative PPI cover or who were coerced into taking mandatory PPI.
Despite the ongoing and future sale of PPI being dramatically reduced and much more regulated, the legacy of PPI mis-selling is still very much an issue. The Financial Services Authority estimates that a further 2.75 million complaints PPI mis-selling will hit the bank over the next five years. Compensation for these cases is expected to reach £4bn.
ABOUT PPI RETURN – PPI CLAIM SPECIALISTS
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
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 ’
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