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Whatever else happens in the UK during 2019 millions are set to be worse off, thanks to the PPI deadline ending their chance to check if they are due compensation forever. There are now just 7 months remaining for consumers to check whether their bank or lender mis-sold them PPI (Payment Protection Insurance).

29 January 2019

Why 2019 could be the year of regret for millions

Whatever else happens in the UK during 2019 millions are set to be worse off, thanks to the PPI deadline ending their chance to check if they are due compensation forever.

There are now just 7 months remaining for consumers to check whether their bank or lender mis-sold them PPI (Payment Protection Insurance).

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Consumers who complained they were mis-sold PPI by firms no longer trading received £6m in compensation during the 2017/18 period, according to the latest annual report from the Financial Services Compensation Scheme (FSCS). Funded by industry levies, the FSCS assists customers in various disputes where financial institutions have closed down and can award up to £85,000 per claim.

7 January 2019

FSCS predict 'substantial number' of PPI claims to come after recovering £6m from closed lenders

Consumers who complained they were mis-sold PPI by firms no longer trading received £6m in compensation during the 2017/18 period, according to the latest annual report from the Financial Services Compensation Scheme (FSCS).

Funded by industry levies, the FSCS assists... Read more

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With 2019 right around the corner the year of the PPI claims deadline is almost upon us, with just 8 months left for consumers to retrieve the billions of pounds worth of mis-sold provisions still waiting to be claimed. With an estimated £9bn set to go unclaimed at current rates many should be making it their New Year’s Resolution to check their finances before it’s too late.

29 December 2018

The year of the deadline is almost here - how has 2018 prepared us for the final 8 months of PPI?

With 2019 right around the corner the year of the PPI claims deadline is almost upon us, with just 8 months left for consumers to retrieve the billions of pounds worth... Read more

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In our recent blog post we told you about £9bn set aside for PPI compensation at risk of going unclaimed, unless more people check their finances before August’s deadline. The Financial Conduct Authority (FCA) are hoping to ‘bring the PPI issue to an orderly conclusion’ – but what happens after the 29th August 2019 if those who were put off checking were actually mis-sold and some of those provisions are not utilised?

10 December 2018

Q&A: What will happen to unclaimed PPI provisions after the deadline?

In our recent blog post we told you about £9bn set aside for PPI compensation at risk of going unclaimed, unless more people check their finances before... Read more

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Banks and financial lenders are set to pocket a staggering NINE BILLION POUNDS worth of PPI they’ve admitted to mis-selling, based on current rates of consumer redress. Despite PPI complaints reaching their highest levels in four years, the number of people checking to see if they were affected by ‘the biggest mis-selling scandal in financial services history’ is still not enough.

6 December 2018

Banks set to recoup £9bn of PPI they ADMIT was mis-sold. Why aren’t more consumers checking if they’re owed?

Banks and financial lenders are set to pocket a staggering NINE BILLION POUNDS worth of PPI they’ve admitted to mis-selling, based on current rates of consumer redress.

Despite PPI complaints reaching their highest levels in four years, the number of people checking to see if they were... Read more

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