He took out a loan for £15,000 and was told to take out a PPI policy with the loan at a cost of £2,250. This was added on top of the loan and interest was charged throughout the term of the account.
The worst thing about his situation was that after 5 years, the policy expired and GE Money were pushing him to pay more money to protect his loan for the remaining term ! Luckily, he was able to secure a full refund of the PPI by taking his claim to the Financial Ombudsman Service. However, he maintained it was a stressful, time consuming exercise.
At www.ppireturn.co.uk, we are able to take the stress out of claiming. In todays busy environment, our clients dont have the time, nor the knowledge to deal with their own complaints. PPI Return can assist you to claim back what is rightfully yours with the minimum of fuss.
In other news, we are a little further on with the Judicial Review. The Ombudsman has confirmed they will look into complaints where a bank has refused to look into our client's case if the matter has been left for the requisite 8 weeks. Additionally, the FSA appears aware of the methods some of the banks are using to cease the investigation of complaints and is pushing for the Judicial Review to be heard as soon as possible.
This does not mean you cannot continue to register your complaint. We are sure this is only a temporary setback and it is 'business as usual' for the majority of our clients.
If you feel you have been mis-sold PPI, then give PPI Return a call on 0800 877 8888. PPI Return is a division of Goldsmith Williams Solicitors.
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