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Monday, June 13, 2011

Barclays To Settle All PPI Claims

Barclays has confirmed that all PPI customers who made a complaint before April 20 will be reimbursed the total value of all their premiums, plus 8% interest.

This is a hefty kick in the teeth to the "financial ambulance chasing" claims firms, who offer to help PPI victims reclaim their premiums (this is in fact a simple and free task) in exchange for a hefty percentage of the reimbursement secured.

Needless to say these "financial ambulance chasers" will doubtless find another mis-selling trough to stick their snouts into, as the UK's financial services industry is bereft of scruples and the UK public bereft of financial commonsense.

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