Tag Archives: ppi claims
BBA denies banks are deliberately turning down legitimate claims
The British Bankers’ Association have denied media reports that banks are deliberately turning down legitimate PPI claims in the hope that they would avoid having to pay up. In a Daily Telegraph report, a spokesman from the Financial Ombudsman Service (FOS) says: “If claims were resolved in the first instance it would be better for [...]
Banks under fire for delaying PPI claims
Britain’s banks have come under fire yet again for delays in giving decisions on PPI claims with a highly critical story in the Daily Star national newspaper. The paper claims “Grasping bankers are making payment protection insurance victims wait for years to get their compensation.”
Gladstone Brookes backs campaign for tough action on cold callers
Calls for tougher action on cold calling and nuisance texting about potential PPI claims have been backed by Gladstone Brookes, a national brand in the field of financial assistance who have already recovered more than £300 million for our clients in mis-sold PPI premiums and who operate The Gladstone Brookes Promise. A spokesman said: “The [...]
Worried banks demand claims deadline
The payment protection insurance (PPI) mis-selling scandal is bigger than anyone could have predicted. Banks have been found guilty of selling the expensive insurance policies incorrectly for years and finally, following a landmark High Court ruling in 2011, consumers were given the chance to fight back. The ruling meant that anyone who believed they had [...]
Mortgages fees increase as brokers feel the pain of lender’s strategies!
As the payment shock for many borrowers continues with high SVR’s, lower interest rates on mortgages are often not what they may seem. It has been reported that the cost of ‘arrangement fees’ charged by lenders and associated with buying a mortgage, have increased by as much as 30 per cent over the last three [...]
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