Compensation Claims For PPI In 2012

Customers in the UK may file claims against their payment protection insurance (PPI), which protects largely mortgage providers, banks and credit card companies from loan defaults. Misrepresented policyholders can recoup some or all of their premiums for free by confering directly with lenders or receiving help from the Financial Service Authority, the industry regulatory agency, or the Financial Omsbudsman Service, which Parliament set up to help customers and businesses negotiate disputes. Instead, policyholders routinely turn to claims companies for help and pay a fee, according to Tony Boorman, FOS principal ombudsman and decision director.

Source: http://EzineArticles.com/6832224

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