Recent figures from the Financial Services Compensation Scheme (FSCS) have revealed that the number of claims submitted in 2012 for mis-sold payment protection insurance (PPI) was almost double the number from 2011. Just over 11,000 claims were submitted in 2011, whilst the number jumped to more than 19,000 in 2012. A lot of this is… (0 comment)

Both banks and those involved in the claims industry have said that 2013 is likely to see more than £6 billion paid out to victims of the Payment Protection Insurance mis-selling scandal. During 2012, over £6 billion was paid out by the banks, more than £500,000 a month. This is an extraordinary turnaround for the…

There are thousands of PPI claims management firms fighting for the consumer’s right to obtain money from mis-sold payment protection insurance, which may have been tied into mortgages, car finance, credit cards, and loans. If the consumer was unable to repay the loan agreement as a result of injury, unemployment, or illness, the insurer would fulfil its… (0 comment)