Banks Continue to Reject Majority of PPI Claims

Nov. 24, 2010 - PRLog -- Reports suggest firms are still rejecting over half of all PPI claims they receive, leaving thousands of claimants forced to wait in line with the Financial Ombudsmen Service (FOS). Despite the Financial Services Authority (FSA) putting regulations in place to deal with complaints, banks are rebelling against compensation guidelines and automatically snubbing potentially valid PPI claims. With the number of claims increasing daily and the FOS swamped with complaints, the FSA is ordering lenders to reinvestigate denied PPI claims.

With over 20 Million people believed to have been mis-sold PPI and 45% of the FOS workload taken up by PPI claims, PPI Return http://www.ppireturn.co.uk are concerned for those that have already placed a claim without assistance. Customers believed to have been mis-sold insurance are thought to wait up to a year for a conclusion to their case on account of the backlog in complaints.

The FSA has insisted the financial industry should treat customers fairly and continue processing claims. PPI Return http://www.ppireturn.co.uk work hard to ensure claimants have a better chance of success and a faster conclusion to their case. The Company’s financial claims department has successfully secured over £8 million in settlements for their customers.

PPI Return encourages anyone concerned that they may have been a victim of mis-sold PPI, to contact them for advice and assistance. Their skilled team of legal advisors and trained solicitors can quickly assess the eligibility of a potential PPI claim.  The Company’s claims process aims to conclude a case within 8-12 weeks dependent upon the bank.

ABOUT PPI RETURN – PPI CLAIM SPECIALISTS

PPI Return http://www.ppireturn.co.uk is one of the UK’s leading PPI claims law firms with a wealth of experience and highly qualified legal advisors.

PPI Return is dedicated exclusively to helping clients regain mis-sold Payment Protection Insurance (PPI) payments. There are many thousands of people in the UK who were either mis-sold PPI or not informed of how the PPI worked when taking out loans. PPI Return works to correct this wrong doing and works on a highly competitive fee basis. PPI Return provides an online ’60 Second Test’ where you can quickly assess if you are entitled to make a claim for mis-sold PPI in addition to Web Chat with PPI Claim specialists.

CONTACT

PPI Return
Mersey Chambers
5 Old Churchyard
Liverpool
L2 8GW
Tel:  0800 877 8888
info@ppireturn.co.uk  
http://www.ppireturn.co.uk

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PPI Return is one of the UK’s leading PPI claims law firms with a wealth of experience and highly qualified legal advisors.