Posts Tagged ‘ PPI ’

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.



Many borrowers could sue over loans

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

A recent report claims that millions of borrowers could be entitled to sue lenders and claim back a percentage of their loans, and this is because of alleged mistakes that some lenders have made with their loan contracts. Banks could be left facing whopping bills at a time when their financial situation is already facing [...]



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 [...]



Competition Commission concerned over competition with PPI

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

The financial news has been filled with stories about problems relating to payment protection insurance or PPI, with evidence that this insurance has been mis-sold to consumers for a number of years, and that lenders were using a range of tactics to try and make borrowers take out this cover when taking out finance.



PPI has very little competition says Competition Commission

Nov 5th, 2008 | By admin | Category: Loan News

PPI or Payment Protection Insurance has been at the centre of controversy for some time, with investigations revealing that in many cases this costly insurance cover was being mis-sold to consumers who did not want it, did not need it, and could not even benefit from it in some cases. PPI is a type of [...]



FOS and FSA still cracking down on loan insurance

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

Although the subject of loan insurance, otherwise known as Payment Protection Insurance or PPI, has been at the centre of heated controversy for some time, this product still continues to attract complaints from customers and concerns from a variety of industry professionals. In fact, the UK’s financial regulator, the Financial Services Authority, and the Financial [...]



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 [...]



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.