The Ongoing Payment Protection Insurance Scandal Modest Money1 Comment

The ongoing payment protection insurance scandal has been called the worst to hit the UK banking industry in history.  Of course the scandal was uncovered and so it is now quite widely known about – consequently so far many thousands of people have claimed back the fees on mis sold policies. With many more expected to do so there is no sign of things slowing down.

The banks have been forced to set aside billions of pounds to pay back customers who have been mis sold policies. Could you have a valid claim, and are you missing out on an industry average £2750 payout?

Payment Protection Insurance

Payment protection insurance (PPI) is there to keep up the monthly repayments on a loan, mortgage or any other form of credit agreement in the event the holder is sick, injured or made redundant involuntarily. The problem is not with the policy, but with the way they have routinely been sold to people in a manner not within the set financial regulations.

A ppi claim form is often filled in by people who have been mis sold policies, and you may have more than one PPI policy in your possession. Have a look through…

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This entry was posted in Insurance, and tagged Modest Money1 Comment
By : Adam | 10 Apr 2015
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