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- Payment Protection Insurance - Myths and Reality By:-jack clare
This news of PPI number of individuals making claims on mis-sold payment protection insurance and also the considerable amounts of money put aside from the banks to pay for such claims has been around news almost every week going back 8 months. What exactly will be the pitfalls of payment protection insurance and how come numerous claims being made?
The answer is simple, the banks and other banking institutions which were lending for their customers either on a secured basis or with an unsecured basis, coerced their clients to get payment protection insurance even though they didn't need or potentially were ineligible to produce any claims on it from the outset. In most cases, such lenders collected the ppi premium for your period of the loan and in order to make it possible for the buyer, the deducted such long and incorrect premiums in the amount borrowed. Aside from the undeniable fact that a policy was sold without validating the need, the vulnerability of the customer in the point of loan approval was adopted in some instances to sell such policies.
- How To Action A Payment Protection Insurance Claim By:-Arthur Seabrook
If you have been sold a mortgage, visa or mastercard or personal bank loan in the past or have taken out a hire purchase agreement perhaps to purchase a new car you might have also been sold PPI or payment protection insurance. This type of insurance is supposed to protect the individual in the event cannot repay their loan, yet, in many cases it had been mis sold and this has resulted in thousands of unhappy customers.
- Barclays set to cut 3,000 (more) jobs By:-Marianne Conway
Barclays is planning on cutting another 3,000 jobs even though it profited to the tune of several billion dollars in recent quarters. Are these institutions likely to continue their capability of existing given the consumer hatred of their very nature?
- Representative goes after Bank of America By:-Marianne Conway
Bank of America is under fire from legislation that will promote ease of exit for customers dissatisfied with their banking institution. The fire has been lit by the debit card fees B of A wants to charge, and it's probably going to be a big fight.
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