Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Saturday, September 05, 2009

Truly Dismal

Should anyone need convincing as to how badly served the people of Britain are by the financial services industry then all they have to do is to look at the figures covering complaints made to the Financial Services Authority (FSA).

During the period 2006 to 2008 the overall number of complaints increased by 5.7%, from 1.4 million to 1.48 million (8,000 per day!).

The worrying aspect being that these are just the complaints that have been registered by consumers, there are many more.

The British consumer is ill served by the financial services industry.

1 comment:

  1. Anonymous12:16 PM

    Mastercard have been issueing statements recently that have the wrong account number on the paying in slips. This delays the payment going through and gives them the opportunity to then charge late payment fees and also interest on the following month's bill.

    ReplyDelete