Millions of CPP creditors have been invited to a meeting at Wembley Arena to vote on proposals for a possible £1.3 billion compensation payout. An estimated 7.5 million people were left out of pocket after being sold useless insurance for credit card and identity protection policies. See our free information guide here
PPI claims compensation – it all started quite quietly, if £3 billion can be called quiet. In 2008 the Financial Services Authority estimated that the final bill for the growing PPI problem would be somewhere between £3 million and £4 million. No-one had an inkling at this stage that PPI would turn in to the […]
PPI mis-selling is generally considered to be Britain’s biggest ever financial scandal, but it could be about to get a whole lot worse for the UK’s banks as credit ratings agencies consider downgrading their credit ratings. Analysts from one of the biggest agencies – Standards And Poor’s – say the banks’ credit ratings are at […]
The history of PPI scandal in the UK is a short but interesting one. PPI was sold for years before the first rumblings of discontent were heard. Observers started to realise how expensive the policies were and the wide range of exclusions which meant it was useless to a lot of consumers it had been […]
Get ready for the new PPI – and, unlike the old one, it shouldn’t cost you a penny. The banks and finance companies are preparing to roll out a new product to replace the totally discredited payment protection insurance. The good news for consumers is that there is no cost involved.