October 14, 2010
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They stated that upon complaints and studies they reviewed, over 80% of customers whom were paying for payment protection insurance and believed they were protected, were in fact not. … The borrower should be diligent and realize they’ve further recourse; they can either write an additional more demanding letter to the bank, or they can continue their claim by taking all necessary documentation to an UK ppi claims company or file with the Financial Ombudsman’s Service …
The rest is here:
Mortgage Article Directory | Free Finance Content Directory » Were …
Filed under MPPI, UK Mortgage Protection by on Oct 14th, 2010.
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There are many reasons why payment protection insurance may have been mis-sold. The problem has been identified by both the Financial Services Authority and the Office Fair Trading as a growing problem that needs tackling. Many high street banks have been fined millions of pounds, Alliance and Leicester receiving the biggest one of seven million pounds.
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Saturday class 1 of 7 – business finance. Dr. Michelfelder seems awesome.
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