Posts Tagged ‘ mis sold PPI ’

The Missold Payment Protection Scandal Could Affect Bank Bonuses

December 23, 2011
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One of the interesting effects of the missold payment protection issue is the fact that some of the biggest UK banks are under increasing pressure over the bonuses being paid out to their bosses. One example of this comes with the Lloyds Banking Group and the £1.45m bonus given to their former chief executive Eric Daniels earlier on in the year. The fact that the giant bank had to set aside an astonishing £3.2bn to cover the expected missold payment protection claims means that the massive bonus has caused controversy. Lloyds Bank is of course part owned by the...

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PPI claims 101

September 21, 2011
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There are several reasons people might want to reclaim PPI – and PPI claims can be really straight forward, or can be incredibly difficult.  The problem in most cases isn’t knowing what type of claim to make, but whether your claim is even valid, and in those cases, it’s imperative to hire an expert to reclaim whatever money you feel has been paid in error.   How to choose a PPI claims expert One of the areas many people need to consider is how to choose their PPI expert – whether they want to consider choosing one that has...

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Were You Mis Sold Payment Protection?

June 25, 2011
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There are many ways in which consumers have been Mis sold payment protection. If you have taken out a credit card, loan, or mortgage in the past ten years then there is a chance that you were mis sold a PPI policy. Even if you don’t think you’re paying for this financial product, you may find that the repayments have effectively been hidden amongst your monthly payment value; this is a clear case of mis selling that should be addressed and redressed. Payment protection is a voluntary or optional financial product. This means that you should be given the...

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