"PPI Issues Is All Over The News"

 


You can hear and read in the news that the biggest problem that the financial industry is facing is the issue about ppi mis selling, and most of the financial consumers are blaming the FSA or Financial Services Authority due to the reason that the regulations are weak that’s why the lenders keeps on doing their habit and that is to mis sell their consumers. Critiques have their eyes on the FSA, and when the time came that more and more ppi claims were being put on hold, that was the time that the consumers have taken the side of the criticizers. Which clearly states that the trust of the financial consumers towards the FSA were gone. This is why the government has decided to replace the FSA with two new organizations next year, hoping that these reforms can restore the trust of the consumers.

However, the sellers or brokers of the said insurance policy have also big contributions on the mis selling of it. As a matter of fact, the FSA found out through their investigations that the sellers or brokers are mostly the one who actually mis led a client to buy ppi as they can generate a large commission out of it.

Furthermore, if you are planning to refer your claim to the FOS, then expect that your claim won’t be processed immediately, due to the fact that the FOS is already filled with regards to this issue. That’s why claimants who are seeking the faster way of their ppi refund should seek a highly credible ppi claims specialist, for this lawyer offers a free of charge service on the victims of mis sold ppi.






"You Can Claim PPI Refund Faster"


If you have a mortgage, then there is a great possibility that you have also acquired the payment protection insurance policy without even knowing it. Which qualifies you to be one of the victims of mis sold ppi. With regards to the issue of ppi mis selling, the FSA or Financial Services Authority released a statement last December 2010 that there were 40 million claimants for unfitted ppi (mis sold ppi) on their mortgages has been given compensation. However, the FSA is still expecting of about 68,000 new cases of ppi claims early this year and the lenders should pay for about £1.3 billion on those new claimants of over the next five years.

Anyways, what does really payment protection insurance do? PPI is an insurance policy that shall insure the individual who bought it if an unfortunate event come which made the individual incapable to earn, because of an illness or injuries.

Furthermore, if the claimant want to gain his /her compensation faster then he /she should seek and gain the help of those highly credible ppi claims experts, for the reason that the FOS or Financial Ombudsman Service already admitted that they were receiving overwhelming numbers of payment protection insurance related complaints, which means that new claimants that shall refer their ppi complaints to the organization shall experience delays, that’s why as I’ve said, the help of those personal lawyers who are credible and expert in this field should be acquired by the claimant. Also, these lawyers’ offers a no win no fee service, so the claimant should not worry for any payment.