Tweet
The financial ombudsman service is taking 1,500 new claims for payment protection insurance (PPI) compensation every day, figures show. Complaints numbers have totalled 400,000, but remain only a "drop in the ocean" compared to all PPI complaints. The ombudsman deals with cases that cannot be resolved between a consumer and financial institution. It has found in favour of the consumer in seven out of every 10 cases it has dealt with.
Workload
PPI was sold along with loans and credit cards, wrongly in many cases, to cover repayments if people became ill or lost their jobs. Banks are in the process of paying out £9bn in compensation to borrowers who were..........Read more HERE
- Hi & Welcome to the AAD Consumer Forum
We're a FREE consumer debt and legal forum offering help, support and debate in many areas of day-to-day life. You will need to Register a Free Account before you can join in with the discussion and contribute with your own posts. Remember to also check out the FAQ's so you can get to grips with how the forum works ready to start posting your new topics. Read about the new GDPR 2018 Rules and how it affects you as a member of AAD.