Banks have set aside a staggering six billion
pounds to repay customers who they mis-sold
Payment Protection Insurance (PPI) to.
Of course,
they want to hold on to that money for as long as
possible so they are continually finding new ways
to slow down the...
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Banks have set aside a staggering six billion
pounds to repay customers who they mis-sold
Payment Protection Insurance (PPI) to.
Of course,
they want to hold on to that money for as long as
possible so they are continually finding new ways
to slow down the repayment process.
Their new
tactic is to shift the focus away from their
mis-selling of PPI and turn the very companies
trying to help people re-claim money owed into
the villains.
Easy PPI, a specialist claim company,
says that having potentially mis-sold insurance to
20 million people the banks are now trying to turn
them off from reclaiming what is owed by
"scaring" them away from the easiest and
simplest channel of complaint – claims
management companies.
The banks which have
mis-sold PPI now claim they want to try to simplify
the refund procedure, as well as explain to
consumers why claims management companies
are not worth using.
However, Easy PPI
Marketing Consultant, Natalie Kay, believes this is
just a case of the ban
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