Payment Protection Insurance
Payment Protection Insurance (PPI) can be a good thing. However, the Financial Ombudsman has uncovered widespread mis-selling of PPI - policies that don't cover the customer yet making huge profits for the seller. Check out our ppi complaints guide.
There are approx 20,000,000 PPI policies in the UK generating £5,000,000,000. It is estimated over 65% may have been mis-sold and do not cover the policy holder in the event they may need to make a claim. Only 4% of people ever claim on their PPI policy, of those 25% are turned down.
Some salespeople have deliberately added PPI to the loan and many people do not even know they have a policy running - a PPI policy can add up to 65% to the overall cost of repaying a loan. Want to know more about ppi complaints?
Mis-sold Payment Protection Insurance? {take the 30 second test}
DID YOU KNOW YOU CAN ALSO RECLAIM
HIGH CREDIT CARD FEES AND EXCESSIVE BANK CHARGES?
| Bank charges must reflect the issue for which they are being charged. A £35 charge is not fair if you have simply gone overdrawn 1p for a day or so. {more} |
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Credit cards fees must also be fair. One chaser letter for a late payment does not warrant a £35 fee added to your account. {more} |
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ppi complaints | ppi complaints
ppi complaints | ppi complaints
ppi complaints | ppi complaints
ppi complaints | ppi complaints