Payment Protection Insurance has been all over the news lately, as thousands of people have finally realised they may be liable to claim refunds after being mis-sold the cover. Official figures from the Financial Ombudsman Service show that over a … Continue reading →

Have you ever taken out a loan to buy a car, make home improvements, and consolidate debts, credit cards or for any other reason? If so, you may have been mis-sold Payment Protection Insurance. If that is the case then … Continue reading →

Payment Protection Insurance, or as it is known more commonly, PPI, was intended to cover loan repayments should you be unable to work as a result of injury, illness or loss of employment. Recently though it has been discovered that … Continue reading →

Payment Protection Insurance is a form of income protection insurance and is commonly referred to as PPI, credit protection insurance, or loan repayment insurance. The policy is an insurance product that is designed to cover the repayments of outstanding debt. … Continue reading →

Due to widespread media coverage in recent years, public awareness surrounding Payment Protection Insurance and its mis-selling has grown significantly. Some consumers may find they are paying PPI premiums monthly yet are unsure of what the insurance exactly covers. In … Continue reading →

Stephen Hester has said that his battle to turn around RBS would involve even more cost, according to The Guardian (http://www.guardian.co.uk/business/2012/feb/08/rbs-cleanup-hester-38-billion ). Stephen Hester said his battle to turn around RBS had so far cost around £38bn in clean-up charges – … Continue reading →

Payment Protection Insurance, also called PPI, is an option especially for unsecured loans. PPI is intended to provide a cover against potential risks that might lead to an individual having difficulties making the repayments for their mortgage, credit card debts … Continue reading →

The Financial Services Authority’s (FSA) guidelines on Payment Protection Insurance (PPI) redress will be difficult for firms to meet, an industry expert has claimed. Firms involved in the mis-selling of PPI will need to upgrade their systems and processes in order … Continue reading →

Barclays has posted a full year profit before tax of £5.88bn for the 12 months to 31 December, down only 3% from the year ago period. On an underlying basis, Barclays pre-tax profit dipped by only 2% to £5.59bn. Barclays’ … Continue reading →

Payment Protection Insurance (PPI) has been sold by banks and credit providers for years. It made the industry an absolute fortune, but we can’t hold it against them because we the borrowers need to have it….don’t we? No, the fact is you don’t have … Continue reading →