What are Unenforceable Loans?

July 8, 2009

Agreements on money borrowed up to the amount of £25,000 before April 2007 could be found to contain errors. Whether it’s a personal loan, credit card, store card, hire purchase agreement, overdraft or car loan then these credit agreements and even some charges may become unenforceable in certain circumstances.
The Consumer Credit Act 1974 laid out [...]

Read the full article →

What is PPI Mis-Selling?

July 7, 2009

Payment Protection insurance (PPI) is often mis-sold as a result of greedy financial services looking to make an easy and tidy profit. PPI is usually sold by financial institutions such as banks, money lenders, car finance companies, Credit Card companies and the like. PPI has been a profitable business for some time now and only [...]

Read the full article →

Mis-selling fines to increase 3 fold

July 7, 2009

The City watchdog have announced that firms which mis-sell financial products to consumers and individuals guilty of insider trading are to face a hard new crackdown which could lead to serious fines.
The Financial Services Authority (FSA) wants penalties to be linked to the companies income, with up to 20% of their income from the products [...]

Read the full article →

Mortgage endowment mis-selling claim battle takes five years

July 6, 2009

The Financial Ombudsman Service, which adjudicates on consumer complaints, says on average it processes complaints within six months. However this is not always the case, for Elizabeth and Keith Birbeck their  mortgage endowment mis-selling claim has taken almost 5 years for a conclusion to be reached.
Nationwide Building Society was forced to make a payment of [...]

Read the full article →

Twitter Weekly Updates for 2009-07-05

July 5, 2009

Trying to get our new blog up and running properly http://www.realclaims.co.uk/blog/ #

Read the full article →

Credit card PPI is a modern day snake oil

July 2, 2009

Which? declare “Credit card PPI is a modern day snake oil”
Despite the torrent of shocking publicity over the past few years, and increased regulatory scrutiny, Payment Protection Insurance (PPI) polices are still being sold extensively.
PPI is designed to ensure that loans, credit card payments or mortgages can still be paid should the customer fall [...]

Read the full article →

Payment Protection Insurance Racket

July 2, 2009

According to Which? many banks and lenders could be profiting in the millions by mis-selling costly Payment Protection Insurance (PPI) policies with their personal loans and credit cards. Which? believes that the Association of British Insurers (ABI) and General Insurance Standards Council (GISC) codes are being contravened. Companies are reluctant to divulge exactly how much [...]

Read the full article →

Mortgage protection could become mis-selling scandal

July 1, 2009

In June City watchdog Lord Turner attacked insurers for threatening to water down unemployment protection on mortgages. He warned her would investigate any attempt to push through price rises due to the recession.
The chairman of the Financial Services Authority warned that companies were risking repeating past scandals such as the mis-selling of endowment mortgages.
There has [...]

Read the full article →

Black Horse Finance of mis-selling Payment Protection Insurance Complaint

July 1, 2009

In 2006 The Consumer Action Group received a detailed complaint accusing Black Horse Finance of mis-selling Payment Protection Insurance (PPI).
The main allegation regarding the mis-selling of PPI was that Black Horse offered the client two entirely separate interest rates at the point of sale for the same loan. If the loan was taken with [...]

Read the full article →

Sainsbury’s Bank has the most expensive PPI out of the major lenders

July 1, 2009

Payment Protection Insurance (PPI) is designed to cover payments on a debt – usually mortgages, credit cards or personal loans should you fall ill, have an accident or become unemployed.
Sainsbury’s Bank has the most expensive PPI out of the major lenders, costing over five times that of a standalone policy from an independent insurer. [...]

Read the full article →

← Previous Entries

Next Entries →