UK Banks Finally Admit They Have Billions of Unclaimed PPI Refunds

Financial services authority has released a new report on payment protection insurance plan disputes with banks and policy holders.

London, United Kingdom (prHWY.com) June 26, 2012 - Financial services authority has released a new report on payment protection insurance plan disputes with banks and policy holders. According to the report high street UK banks have admitted finally that they have still billions of amounts that belong to consumers. Still there are several unclaimed Mis Sold PPI cases and billions left in PPI pot.

There are several situations that can be considered as mis selling of PPI. When policy was sold to consumer unknowingly or with mis conceptions then it is wrongly sold PPI plan. UK consumers are filing thousands of PPI claims every day. According to a report FOS is receiving more than 5000 complaints in a day. Every claim worth thousands of pound and you will get back your amount if you start PPI claim process. Consumers who are realizing this have already started PPI claim process. But still thousands have left to file PPI claim. Third party payment protection insurance management firms can help consumers to complete PPI claim process.

If you will file claim for PPI refunds that is rightfully yours then you will receive above £2000. In some cases consumers have received up to £8000 depending upon the insurance policy and loan period. Most of PPI claims cases get success to win compensation amount. UK banks have already admitted that they have billions left of PPI compensation amount. It also increases your chance to get refunds of your losses. Most of such cases get resolve in less than three months. It will take longer period only if your bank will reject formal claim letter. But banks are now taking these issues seriously to avoid court cases.

All these reports show that there is now increased chance of winning compensation of losses. UK consumers who haven't yet filed their claim are suggested to start the process today.

###

Tag Words: mis sold ppi, ppi claims, ppi reclaim

Categories: Finance

Press Release Contact
45, Vicarage Lane,
IIford, Essex, IG1 4AG
Phone : +44-20799 35898
Fax : +44- 20799 35133

Link To This Press Release:

URL HTML Code