Blog Archives

PPI isn’t all bad

Over the past 2 years the mis-selling of Payment Protection Insurance (PPI) has been highlighted in the media by various consumer groups and watch dogs. This has given the PPI industry a bad name resulting in many banks removing PPI as an option for their loans and credit agreements. But not having PPI could mean you may lose out, especially in an unstable economy.

Complaints of Mis sold PPI reach record highs as Banks slow down progress

This year has seen a huge increase in the number of complaints for mis-sold PPI reaching record highs. However, banks and financial institutions are dragging their feet to prevent paying back what is legally owed to the consumer.

Zeus bug a bigger scandal than mis sold PPI

Lately mis sold PPI has dominated the banking world as many banks have been found guilty of mis selling Payment Protection Insurance. However, now a new baddie is in town and this virus called Zeus has stormed through internet banking pilfering money from innocent user’s accounts.

Biggest payout for Mis sold PPI may go to Pensioners

Pensioners from Watford who were mis-sold PPI (payment protection insurance) are looking at a potential payout of over £21,000 which will include interest on the £6000 they had paid into a policy covering them for a credit card they had taken out.

Claim back your PPI

If you have taken out PPI (Payment Protection Insurance) on any loans or credit cards in the last 6-10 years, then you may be eligible for a claim. PPI is sold by credit card and loan companies to cover your [...]

Mis-Sold PPI

Mis sold PPI (Payment Protection Insurance) is an insurance premium added to your credit card and loan repayments without your knowledge, full understanding, or if you were exempt from receiving the cover. Find out more about this below. No knowledge [...]

FSA Fine Capital One for Failing to Protect its Customers

The Financial Services Authority (FSA) fined UK credit card provider Capital One £175,000 for failing to adequately protect its customers against the risk of being mis-sold PPI (payment protection insurance) with its cards.

Internet Bank Egg Fined for Hard-Sell of PPI

Internet bank Egg was fined £721,000 for failings in the way it sold payment protection insurance (PPI) to its credit card customers. 40% of telephone sales of PPI between January 2005 and December 2007 showed major failings advised the Financial Services Authority (FSA).

Liverpool Victoria Fined for mis-selling PPI

Liverpool Victoria was fined £840,000 by the Financial Services Authority (FSA) for breaching regulations when selling almost 15,000 payment protection insurance (PPI) policies between 2005 and 2007.

HFC Fined £1m Over Failings From Selling PPI

A part of banking group HSBC called HFC were fined £1m over failings from PPI (payment protection insurance). The financial Services Authority (FSA) advised that HFC failed to ensure its customers received correct advice between January 2005 and May 2007.