Payment Protection Insurance Glasgow
PPI Glasgow can help you make a Payment Protection Insurance Claims in Glasgow.
We can help you reclaim mis-sold Payment Protection Insurance on loans, credit cards and mortgages.
PPI – the story in figures
Unless you have not read any newspapers or lost your Internet connection for months, you will not have failed to notice the impact that the mis-selling of payment protection insurance (PPI) has had on the UK banking industry and its customers.
Refresh my memory... what is PPI?
PPI is a generic name for an insurance policy that should, in the event of you being too ill to work for a length of time or being made redundant, will make repayments on your debts. There are many insurance policies of this nature of the market and like every other insurance policy you have, it pays to shop around to get the best deal.
What about PPI statistics? Surely the problem can’t be that big...?
The figures are startling! Just take a look:
In the second half of 2012, from July through the December, there were 2.1 million complaints about PPI according to the Financial Conduct Authority, an increase of 5% over the first 6 months of 2012.
Overall, PPI complaints represent 63% of all financial complaints.
So, has PPI impressed on customer that they can take on the banks – and win?
Possibly. The Financial Conduct Authority, the successor (with teeth) to the Financial Services Authority has released figures that show customers are complaining about various other financial products too such as...
- Current accounts – 304,196 complaints were received from customers about their current accounts
- Other insurances, such as travel or car insurances were complained about 296,679 times
- Followed by credit cards with 283,705
- And then savings accounts with 100, 797 complaints
Overall, there are has been an increase of complaints by 1%. Not a huge amount but when you consider that banks and lenders have to now publish details of complaints should they receive 500 or more.
The idea behind this initiative is for banks to try and NOT be top of the complaints table and so PPI, along with complaints about other financial products, have forced the banks and lenders to take a serious and objective look at their customer services.
If you have a loan or credit card which you think may have PPI added to it, then you need to contact PPI Glasgow. As one of the leading claims management companies specialising in PPI complaints, we can help you quickly and efficiently resolve your PPI claim. We will not only write your letter of complaint and file it with your bank, in the event that it is rejected and you decide to lodge a complaint with the Financial Services Ombudsman we will do so on your behalf – and we won’t charge you anymore!
Contact PPI Glasgow to Make Your Payment Protection Insurance Claim
Please contact PPI Glasgow today to start your Payment Protection Insurance Claim..