Loans and Finance

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

Tuesday, May 22, 2012

Snouts In The Trough - Bogus PPI Claims

The Financial Ombudsman has, according to the BBC, stated that nearly 6,000 people submitted bogus compensation claims for mis-sold Payment Protection Insurance (PPI) on policies that they had never taken out.

The problem has been exacerbated by the activities of certain claims firms, who appear to be less than honest/ethical.

This rather proves the old saying "what goes around, comes around", as companies that unethically sold these useless policies are now on the receiving end of equally unethical treatment/practices.

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