The Credit Card Debt Loophole

Claim Back Loan Insurance

We are pleased to announce a new service for those of you with mis-sold mortgage insurance and PPI policies. PPI insurance claims are now made easy with a company in the United Kingdom called the Consumer Benefits Network. Already the Consumer Benefits Network have secured payment protection refunds for hundreds of people and their success rate is impressive at around 75%. The Consumer Benefits Network also deal with unenforceable credit card agreement claims but the main business at th...

Financial Ombudsman Slams PPI Providers

Hardly a day goes by without Payment Protection Insurance (PPI) and the way it’s been sold appearing in the news. Today, the Financial Ombudsman (FOS) has accused loan insurance providers of using “vague” clauses to needlessly reject claims from policy-holders who have become unemployed in the credit crunch. One of the top 10 reasons for a PPI providers rejecting a claim is that the borrower was: “aware of any increase in the risk of unemployment” and didn’t declare it. This is the typical ex...