Comments on: Payment Protection Insurance Or PPI Sold By Legal And Financial Claims http://www.ratracewinner.com/payment-protection-insurance-or-ppi-by-legal-and-financial-claims/ Sun, 15 Jan 2012 05:36:20 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: PPI http://www.ratracewinner.com/payment-protection-insurance-or-ppi-by-legal-and-financial-claims/comment-page-1/#comment-3464 PPI Wed, 03 Nov 2010 00:59:16 +0000 http://www.ratracewinner.com/?p=787#comment-3464 This is intresting artical, people in the uk have been mis-sold payment protection insruance by back for the last 10 years and from a legal point of view. The law and FSA has been very slow to stop this selling practice. Also other finance sectors like pay day loans and equity release in the uk are very under regulated so they are also open to abuse form large compnaies looking to back quick money. But the scale of PPI policy being sold in the uk is amazing. 70& of loans sold in the uk had PPI sold with them. 90% of these insurance policies are not fit for purpurse and consumer doesnt know they have insurance. It was worriying to see that banks where able to dicate or make their own clauses to polices after consumer had signed up for the policy. This is intresting artical, people in the uk have been mis-sold payment protection insruance by back for the last 10 years and from a legal point of view. The law and FSA has been very slow to stop this selling practice.

Also other finance sectors like pay day loans and equity release in the uk are very under regulated so they are also open to abuse form large compnaies looking to back quick money.

But the scale of PPI policy being sold in the uk is amazing. 70& of loans sold in the uk had PPI sold with them. 90% of these insurance policies are not fit for purpurse and consumer doesnt know they have insurance. It was worriying to see that banks where able to dicate or make their own clauses to polices after consumer had signed up for the policy.

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