Reclaim mis sold ppi with PPI Claims UK
"The Chief Of FOS Revealed The Numbers Of PPI Complaints"
The chief of the Financial Ombudsman Natalie Ceeney, has told that they were receiving a total of 50,378 cases that were all about ppi complaints from October to December 2010. Hard to imagine but this figures are still increasing, and the FSA of Financial Services Authority has said that they were still expecting 68,000 new cases about mis sold ppi as well as the lenders shall pay £1.3 billion on those new claimants on the next five years. The FSA had also fined those lenders who were guilty of ppi mis selling; in fact one of these banks is the Alliance Leceister who was fined of about 7 million pounds.
However, I guess the FSA actions were not enough, due to the fact that they will be replaced on the year 2012 by two new organizations. The Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA), and it is believed that these organizations shall make the financial market stable in order to get back the trust of the financial consumers that was lost because of the products like payment protection insurance.
Furthermore, to those claimants who were not properly handled by their lenders or if their lender did not give their compensation, then these claimants can ask the help ofa highly credible ppi claims specialists, for these lawyers definitely have the capacity to win their clients claim. Also, they will certainly offer their clients a no win no fee basis, in other words, their clients doesn’t have to pay them anything, any amount and the greatest thing of this is that they will guarantee their clients that they will have the full amount of their compensations.
"Victims Of PPI Mis Selling Wants To Claim Compensation Immediately"
Every victim of mis sold ppi should be provided refunds immediately and most importantly those victims who have to use the money to pay for their other financial debt such as mortgage. So that they won’ have to move and leave their houses and still live much decent life. With regards to this issue, household incomes have already decreased to £360 or an average of 1.6% a year from the year 2008-2011 as revealed on the research of the Institute for Fiscal Studies or IFS, and the institution also added that some factors of this drop, were because of large numbers of unemployed individuals as well as the savings income have lower interest rates. Meaning victims that are in this position now really needs their compensations.
Those claimants who wants the fastest way of getting their compensations should seek and obtain the help of those highly credible ppi claims experts, for the reason that the FOS is already filled with overwhelming numbers of ppi related complaints which means it would take a longer time for the organization to process other new ppi complaints. Anyway, claimants should not worry for any payments for the said expert lawyers offer their services for free and they will definitely give the full amount of the claimant’s compensation.
Furthermore, according to the research by Bright Grey more women are now the financial providers of their family as well as more women decide on the financial terms inside the house. That’s why it is not surprising that in fact more women are now victims of ppi mis selling.