loan payment protection insurance Archive

  • What is the Purpose of Using a PPI Agent?

    What is the Purpose of Using a PPI Agent?

    The primary role of a PPI agent is to provide service to his customers, no matter whether the agent is online or at your door. This means explaining all the various types of protection policies that are available and the differences between the various covers and policy options. If the customer understands the covers that are being offered and the prices are competitive for the cover, then the agent has fulfilled his function.

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  • PPI Claims Battle Won Says FSA in Annual Report

    PPI Claims Battle Won Says FSA in Annual Report

    FSA says winning battle over PPI was a major highlight of 2010 in its 2011 Annual Report released today Winning the battle over mis-sold Payment Protection Insurance is picked out as one of the highlights in the last year for the Financial Sevices Authority in...

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  • Payment Protection Insurance Claims and Premiums Rocket

    Payment Protection Insurance Claims and Premiums Rocket

    The recent tide of misselling of Payment Protection Insurance in the UK , in particular the outlawed single premium PPI cover, is ripping back to catch those offending banks and lenders through the UK courts. If you have been ‘sold’ either Mortgage Payment Protection Insurance,...

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  • Understanding UK Payment Protection Insurance

    Understanding UK Payment Protection Insurance

    Understanding Payment Protection Insurance Cover in the UK On Monday, Building Societies and Banks will no longer be allowed to sell payment protection insurance at the point of sale.They will also be banned from selling lump sum upfront single premium policies. This article explains the...

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  • 12800 UK homes repossesed in the first quarter of 2009

    12800 UK homes repossesed in the first quarter of 2009

    Despite the UK government saying they eould help keep people in their homes there were over 12000 repossessions in the UK in first quarter of 2009. There were 12,800 repossessions through the courts by first-charge on the property mortgage lenders and banks, in the first...

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  • PPI – ignore after sales follow ups

    PPI – ignore after sales follow ups

    It’s nearly a week since the law was changed to stop the sale of piggy back protection products on top of loans and mortgages. Anyone taking out a new loan or mortgage (is there anyone out there?) now has fourteen days before the lending company...

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  • Dolphin Riding Accident Insurance

    Dolphin Riding Accident Insurance

    Yep it’s true – Dolphin Riding Accident Insurance! – if you visit Personal Accident they can offer you sports accident insurance and sports travel insurance for such activities as Dolphin Riding and Swimming with Dolphins. They also have a range of travel insurance products and...

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  • Banks Overcharge for Payment Protection Insurance

    Banks Overcharge for Payment Protection Insurance

    Following the £7 million fines imposed on Alliance and Leicester recently for the misselling of loan payment protection insurance polices, Simon Burgess of British Insurance explains why Banks have been ripping off their customers and overcharging sometimes as much as 1000% on prices which could...

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  • FSA says shop around for Loan Payment Protection Insurance

    FSA says shop around for Loan Payment Protection Insurance

    Due to the thousands of complaints it received from the public about the mis-selling of PPI (Payment Protection Insurance), the Financial Services Authority (FSA) has for three years been investigating the way that PPI is sold. Last Year the FSA announced that it would undertake...

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  • Internet only Loans companies close

    Internet only Loans companies close

    Watford based secured loan broker, Loans.co.uk, one of the biggest employers in Watford, is to close to new business, taking with it some 276 jobs. Last month the broker announced that it was struggling to ride out the Credit Crunch – explaining that the third...

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  • Loan Payment Protection Insurance Competition Commission report

    Loan Payment Protection Insurance Competition Commission report

    The Competition Commission has today published for consultation its proposed remedies designed to increase competition in the Payment Protection Insurance (PPI) market. In its provisional findings report published in June 2008, the CC concluded that distributors of PPI—such as banks, mortgage providers and credit card...

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  • FSA fines Alliance and Leicester £7m for misselling Loan Protection

    FSA fines Alliance and Leicester £7m for misselling Loan Protection

    Alliance & Leicester has been hit with a record fine by the FSA of £7 million for serious failings in its telephone sales of Loan Payment Protection Insurance. For three years from January 2005 to December 2007 A&L sold over 200000 Loan PPI policies to...

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