Blog

Dealing With PPI Claims In Iva

It’s important to know how to make PPI claims when in an individual voluntary arrangement (IVA). There have been various payment protection insurance (PPI) claims and issues in the news, so it’s critical to know how to proceed. PPI has been mis-sold throughout the UK...

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What is PPI? PPI Explained

By now I’m sure you have heard the word PPI being mentioned many times. But what is PPI? ● PPI or Payment Protection insurance is a type of insurance that was sold alongside loans and credit cards. ● It was meant to protect you if you were unable to work due to...

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Can I claim PPI after my IVA is finished?

Can you claim PPI after you have completed your IVA or Trust Deed? I have been told many times that going through an IVA or Trust Deed is a very emotional and stressful time and how relieved most of you are to have completed and put it behind you. You can now get back...

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PPI Claims Currently Show No Sign of Slowing Down

PPI, payment protection insurance, is an insurance that provides the ability for consumers to insure repayment of loads if unforeseen circumstances should occur such as the death of the borrower, the borrower’s loss of a job, a borrower’s suffering a disability or...

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Swaps (IRHP) Determining the Level of Redress

Fair and reasonable redress for individuals and businesses who suffered losses from Swap mis-selling. The level of redress will vary with each case and will be determined by a committee who will review both documentation and customer statements. All compensation...

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FCA updates PPI redress for 2.5 million old PPI complaints

The Financial Conduct Authority (FCA) has issued a statement concerning the Payment Protection Insurance (PPI) redress work. The FCA has stated that they have improved the process for handling complaints and that there are over 2.5 million complaints currently being...

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Barclays fined £38 million for putting clients assets at risk

The largest fine in FCA history has been issued for Barclays. The bank has fallen under scrutiny in the UK and the US for its practices, which resulted in a £37,745,000 fine. The fine amount was reached as a part of a settlement, which could have been substantially...

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RBS £1bn fund for Small Businesses with fixed-rate loans

The Royal Bank of Scotland and Natwest will be launching a  £1bn fund in the near future. The purpose of this fund is to help provide financing for small businesses in the United Kingdom. Businesses will be able to get a fixed rate loan ranging from £1,000 to...

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£32 Million Pound Interest Swap Claim Filed

Just when Banks had thought the interest rate swap scandal had blown over, another courageous business has filed a £32 Million Pound Claim. Michael and Diane Hockin, husband and wife who are also in business together, have filed a £32 million pound claim against Nat...

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Dealing with PPI Compensation in Bankruptcy

The earliest form of insurance strategies were used by Chinese traders in the 3rd millennium. Rather than putting all of their merchandise onto one ship made vulnerable on the high seas by the threat of theft or destruction, they spread out their products, hedging...

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Revealed: Banks Underpaid PPI Compensation Claims by £1bn

Improperly sold payment protection insurance sold by banks continues to remain an issue for the institutions and the individuals to whom the insurance plans were sold. According to the Financial Times, underpaid PPI policies  represent about GBP 1bn. Credit card...

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Swap Claims look set to Dwarf PPI payout totals

The UK Government’s decision to re-privatise Lloyds Banking Group just before general election has led to public discussion of one more in the series of mis-selling scandals. The restructuring move by the government follows the transfer of the Banking Group to public...

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PPI Claims represented 78% of all Claims made

In 2014, the United Kingdom’s Financial Ombudsman Service (Fos) report revealed an excess number of payment protection insurance (PPI) claims. The exceptionally high number of complaints brought to the Fos by consumers resulted in a 78 percent increase of claims...

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Managing a PPI Claim the Right Way

As has been reported in the financial and main news media repeatedly, many of the United Kingdom’s large financial institutions involved in providing property loans have now been enmeshed in interest rate fixing allegations on a systemic basis. To resolve this matter,...

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PPI Compensation Claims Could Rise in Summer 2014

. In the first quarter of this year alone, the economy of the United Kingdom rose by 0.8%, the most we have seen in a long time. To make this even better, the European Commission has projected that the UK will experience at least 2.7% growth this coming year. As we...

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Barclays vs. Guardian Care Homes: What Happened?

The recent lawsuit against Barclays bank that was brought  by the owner of a chain of care homes (Guardian Care Homes) has been dropped in favour of settlement. Prior to this news, Barclays had insisted that they would be defending themselves in court against the...

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Barclays PPI Claims & Complaints Report for 2014

Barclays is officially the most complained about British bank in the second half of last year, information from the FCA reported today, despite the fact that the amount of people moving from the bank fell by 15 percent for every penny. Just about 310,000 new...

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