Posts Tagged ‘ payment protection insurance ’

PPI ban sees spike in loan rates

May 15th, 2009 | By admin | Category: Loan News

According to recent reports the PPI ban that has recently been announced by authorities will result in further spikes to loan rates, which many industry officials have said are already spiralling despite the all time low base interest rates, which stands at just 0.5 percent.



Banks could be named and shamed over PPI complaints

Apr 28th, 2009 | By admin | Category: Loan News

Later this year the Financial Ombudsman Service is set to announce individual figures for banks and financial institutions with regards to the level of complaints each ash received about PPI or Payment Protection Insurance.



Increase in complaints about loan insurance

Apr 14th, 2009 | By admin | Category: Loan News

Official figures that have been released by the Financial Ombudsman Service have shown that the level of complaints relating to loan insurance in the UK have been shooting up.



Single premium PPI to be stopped soon

Apr 3rd, 2009 | By admin | Category: Loan News

Lenders and PPI providers have been told by regulators that they will have to stop selling the highly controversial single premium PPI, or payment protection insurance, over the coming months, and providers have now been given a deadline by which they must have ceased selling this type of insurance cover.



PPI with loans to be banned

Mar 13th, 2009 | By admin | Category: Loan News

Officials from the Competition Commission have recently confirmed that the sale of the controversial insurance cover known as Payment Protection Insurance or PPI is to be banned in 2010.



Is now the time to take out PPI?

Dec 10th, 2008 | By admin | Category: New Articles

The subject of PPI, or Payment Protection Insurance, has been a controversial one for the past couple of years, with a huge amount of controversy relating to the mis-selling or this cover, and financial authorities really clamping down on lenders and providers that are found to be breaching guidelines relating to PPI sales. The bad [...]



Should you consider payment protection insurance?

Mar 17th, 2008 | By admin | Category: New Articles

For the last couple of years payment protection insurance, known simply as PPI, has hit the financial headlines on a number of occasions, and this is because of a number of problems that regulators have picked up on with regards the both the sale and the effectiveness of this cover. PPI is a type of [...]



Do You Need Credit Insurance?

Mar 16th, 2007 | By admin | Category: Featured Articles

Almost every time you apply for a loan or other form of credit, you are asked if you would like to purchase credit insurance. It my even be automatically added to your contract without you noticing. This is an insurance policy that guards you against the risk that you will not be able to meet [...]



Payment Protection Insurance: The True Cost

Mar 16th, 2007 | By admin | Category: Featured Articles

If you’re taking out a sizeable loan, the idea of payment protection may sound like a good idea. Programs such as these protect buyers in the event that they are unable to make payments on the loan due to events such as layoffs or medical emergencies.



Personal Loans Payment Protection

Jan 6th, 2007 | By admin | Category: New Articles

If you have payment protection on any personal loans that you may have made, did you know that you could be paying upwards of £2000 on top of the original debt including the interest? Probably not because the lenders are playing a percentages game with you that includes giving you something in one hand and [...]