A brief history of PPI mis-selling

For many decades, Payment Protection Insurance or PPI has been created by financial security architects to protect banking firms, lenders, and clients against unforeseen disasters┬áthat would lead to unpaid monthly loans. However, it is only during the last years of the 1990s that the difficulties resulting to mis-sold PPIs came into light. Payment Protection Insurance […]

New Figures Show PPI Claims Nearly Doubled in 2012

Recent figures from the Financial Services Compensation Scheme (FSCS) have revealed that the number of claims submitted in 2012 for mis-sold payment protection insurance (PPI) was almost double the number from 2011. Just over 11,000 claims were submitted in 2011, whilst the number jumped to more than 19,000 in 2012. A lot of this is […]