Finance Companies trigger 3 Million Complaints in 6 months-The Top Gripes Revealed

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Finance companies have triggered around three million PPI complaints in the second half of the last year, which is equivalent to 16,700 gripes each day. Also, figures from the Financial Conduct Authority-the city watchdog- showed that Payment Protection Insurance (PPI) has generated one of the largest numbers of complaints, which are nearly around 900,000. Banks… Read more »

Why is the PPI Scandal Continuing

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  It is near impossible not to know about the Payment Protection Insurance (PPI) scandal. For those who do not know what PPI policy is for here is a brief introduction. PPI policies are sold alongside loans, mortgages and credit cards since the 1990s. These policies were meant to provide cover for people who failed… Read more »

Is your PPI refund taxable?

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There have been many cases where the PPI buyers were mis-sold the policy. They were sold the policy without their knowledge, along with the loan they had taken out or the credit they borrowed. Many of the buyers were also told that buying PPI is mandatory along with their loan. Hence, on realising the fact… Read more »