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...

Swinton Fined For Mis-Selling PPI’s

So far the following companies have all been fined for mis-selling Payment Protection Insurance Plans: Swinton Alliance & Leicester Building Society Egg Liverpool Victoria Recently Swinton were fined £770,000 for "inappropriate selling" of PPI and ordered to refund 480,000 customers. The Financial Services Authority (FSA) came to an agreement with the Insurer on what action they must take late last week. Swinton customers can therefore expect to receive some PPI compensati...

Why was Payment Protection Insurance sold?

Payment Protection Insurance (PPI) according to many leading financial experts is a scam, it’s been mis-sold, mis-placed and mis-trusted - but why did the banks, lenders and providers sell it in the first place? This could be the answer: When you took out a PPI policy with a borrowing, be it a mortgage, credit card or loan; the sales person typically received 50 to 80% commission based on your initial premium. So you can imagine they were eager to convince you that you needed it! According to...