Lenders chose not to contest the High Court decision that found them guilty of having mis-sold payment protection policies. However, this does not mean that they are all willing to simply roll over and pay refunds for everybody that has ever taken out PPI. For a start, the policy itself is a sound financial product and many people have or could have benefited from this policy. Even if this is true, of course, you should have been given the option and had your options explained to you in detail so that you could make the best possible choice. Continue reading
By making PPI claim Scotland consumers and borrowers are able to reclaim what could potentially be thousands of pounds in money that they have paid in mis-sold payment protection. The biggest mis-selling scandal to rock UK banks has continued to build up a head of steam ever since it first broke and the banks continue to plough billions into financial pools that are designed to ensure they are able to meet repayments. From May 2011, when the British Bankers’ Association decided not to appeal against a High Court decision, borrowers have been able to reclaim their mis-sold policy payments.
Before making PPI claims Scotland borrowers are advised to locate any paperwork and payment schedules associated with the account that they are claiming for. Payment protection was sold with many financial products including credit cards, credit agreements, loans, and mortgages. Unless the policy was sold properly, there may well be a case for you to reclaim the money that you have paid along with interest on that amount. In some cases this can add up to several thousands of pounds in reclaimed cash. Continue reading
PPI claims Glasgow offer those that have been mis-sold payment protection in the past the opportunity to reclaim the payments they have made along with interest on that value. Depending on how long you have been making payment protection payments and the value of those payments it is possible that this could total several thousands of pounds. By acting now it is possible to have the money within a couple of months. Major banks and lenders have set aside large sums of money to meet any reclaims that may be made by borrowers. Continue reading
Many people buy payment protection insurance, also known as PPI in Glasgow to avoid financial problems in case of unforeseen financial problems. This insurance plan is intended to secure payment for people who foresee financial shortage while repaying financial obligations. Because of the uncertainty in the global economy, financial shortage has become very common. Many people lose their job due to retrenchment efforts by companies. Some people suffer major illnesses that often entail huge financial burden. Continue reading