Property News · November 1, 2012

How to reclaim PPI


Average payment protection insurance compensation is £2,750. Here’s how you can go about making a claimThe PPI mis-selling scandal may have been news for years now, but it shows no sign of abating. Lloyds Banking Group has set aside an extra £1bn on top of the £4.3bn it has already committed to compensating customers. The Financial Ombudsman Service (FOS), which deals with complaints that have not been settled to a consumer’s satisfaction by a lender, is currently receiving up to 400 PPI complaints an hour and upholding seven in 10 cases in the consumer’s favour. Compensation averages £2,750. So how do you go about making a claim for PPI? Follow our guide … Continue reading…

Source : theguardian.com
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