Barclays PPI compensation bill rises £1.1 BILLION in just 3 months It’s the season when UK banks and lenders have to advise the city, and their shareholders, of their quarterly figures. This also means that we can pretty much guarantee that the PPI bill, which is now well above the initial estimation of £25 BILLION, […]
Citi PPI Claims – Another culprit We now know that during the 1990s and 2000s that our banks and other financial institutions were mis-selling Payment Protection Insurance (PPI) on an enormous scale. Banks were shockingly selling this insurance to customers, not for the benefit of the customer, but for the benefit of the bank, such […]
Tesco PPI Bill You may have noticed that our, once all-powerful, supermarket giant, Tesco have recently been in the news for all the wrong reasons regarding their mis-calculation of profits. As if things couldn’t get worse for the struggling grocer, they have released new figures stating that their banking arm is to increase the Tesco PPI bill […]
Bank of Scotland PPI claims – Let’s begin The Payment Protection Insurance (PPI) scandal is far from finished; there are 7 million of the banks’ greed that are yet to be compensated. These insurance policies were intended to cover loan repayments should a customers fall ill or lose their job. However, all too often, they […]
Alliance & Leicester PPI Claims – A history Payment Protection Insurance, often referred to as PPI, was sold to tens of millions of individuals in the UK over many years. There were many banks that were selling this ineffective insurance for the purposes of astronomically increasing their own profits. We take a little look into […]
Lloyds PPI bill increases by £900 million Earlier this year, in a previous announcement regarding it’s figures to the city, Lloyds decided not to add to their PPI compensation fund, prompting analysts to confidently predict it was the beginning of the end of the PPI scandal. I disagreed with that prediction in my blog, pointing […]