PPI Claims Still On the Rise

Nov. 24, 2010 - PRLog -- Official figures indicate that PPI claims make up 45% of the Financial Ombudsmen Service (FOS) workload. Customers failing to resolve disputes with their lenders have resulted in just fewer than 50,000 complaints being referred to the FOS between 2009 and 2010. Reports by the FOS suggest complaints have jumped an impressive 11% in the third quarter. With firms continuing to reject over half of all PPI claims they receive, the FOS are seeing complaints increase daily.

With over 20 Million people believed to have been mis-sold PPI and, PPI Return http://www.ppireturn.co.uk are fully aware that the banks may be using this strategy as a delaying tactic. Although the FOS has stated that they are happy to receive complaints from banks not complying with regulations, some analyst anticipate it may take up to a year for any given case to be processed and a decision reached.

PPI Return http://www.ppireturn.co.uk is concerned that some customers with valid complaints may be put off making a successful PPI claim, on account of the delay. When consumers pursue a claim through a PPI claims specialist or escalate the complaint to the FSA, customers are thought to be 70% more likely to successfully resolve their dispute. The Company has reiterated that despite the delay, they are still pursuing PPI claims with an aim to securing full refunds for their customers as quickly as possible.

PPI Return insist they are committed to campaigning on behalf of their customers and encourage anyone who has yet to make a claim for mis-sold PPI, to contact them for professional advice and assistance. Their skilled team of legal advisors and trained solicitors can quickly assess the eligibility of a potential PPI claim.


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.