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...

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...

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...