PPI or Payment protection insurance is designed in order to cover the monthly repayments that an individual is unable to pay or a debt which can be in the form of a loanhe reasons can be due to accident, sickness, unemployment and redundancyowever it was found that PPI has been mis-sold by numerous lenders through unscrupulous sales techniquesollowing the Supreme Court decision early this year, numerous banks realized the court of public opinion was full of rageustomers who had been mis-sold Payment Protection were simply expecting their money backn order to prevent the financial organizations mis-selling PPI, the FSA (Financial Services Authority) and the FOS (Financial Ombudsman Service) took the initiative to kind out the problemsor months several banks did indeed comply and offer compensation in line with FSA guidelinesowever from August 2011 there has been a change in the winds and the banks are now seeking to bolt the door by rejecting claimsBNA and Blackhorse in partic ... [Read More - Fat Burners Illegal]
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