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.
Showing posts with label claims firms. Show all posts
Showing posts with label claims firms. Show all posts
Monday, June 13, 2011
Saturday, March 03, 2007
Money For Old Rope
Much like sharks, when they detect blood in the water, some claim recovery firms are quick to rush in when they see an easy way to make money.
Such seems to be the case with some firms, who have been handling claims for endowment mis-selling, who are now entering the market to help people recover excess bank charges.
Needless to say, they don't provide their services for free and expect a cut of around 25% of monies recovered.
The question that the man in the street ought to be asking himself is this:
"Why do I need to pay for a service that I can do myself?"
Read more about the issue here FT.
Such seems to be the case with some firms, who have been handling claims for endowment mis-selling, who are now entering the market to help people recover excess bank charges.
Needless to say, they don't provide their services for free and expect a cut of around 25% of monies recovered.
The question that the man in the street ought to be asking himself is this:
"Why do I need to pay for a service that I can do myself?"
Read more about the issue here FT.
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