Is there a PPI deadline There is currently no PPI deadline set in which you need to lodge a claim. The banks have attempted to set a deadline but the regulator refused their request. However, many banks are starting to reject complaints based on timeframes, relying upon laws stating that complaints must be brought […]
Banks continue to get away with cheating the public We hear about it all the time in the media, banks rejecting valid PPI complaints. This has led to a huge backlog with the Financial Ombudsman Service, now up to two years. But why do the banks reject valid complaints, and what should be […]
PPI Compensation Fund – How much PPI will banks really have to pay back? There are so many figures around regarding the PPI mis-selling scandal that it’s hard to know where to start really. Average compensation per policy, average compensation per customer, percentage success rate, number of policies sold, percentage of rejections overturn by the […]
Lloyds Compensation Bill The real reasons why Lloyds haven’t added to the £9bn+ compensation fund! Lloyds released their latest figures yesterday and, for the first time in over two years they didn’t add to the pot of PPI compensation. Many have assumed this spells the beginning of the end for PPI compensation but this isn’t […]
How long can you expect to wait for a decision on a PPI Claim? The question “how long does a PPI claim take”, is probably the question we get asked the most. Whilst there can be no guaranteees, so don’t believe a company that claims they can guarantee an answer inside a certain timeframe, there […]
Do I Qualify For PPI Compensation? One of the most common questions we are asked is “do I qualify for PPI compensation”? Below is a list of statements, and if any of them applied to you when you took out your mortgage, loan, credit card, car finance, hire purchase or store card, there’s a good […]