About This Blog...


Welcome to the Payment Protection Insurance Blog. This blog is produced in association with PPI Return, a claims management company who specialise in helping people who have been mis sold PPI. PPI Return is a division of Goldsmith Williams Solicitors.



Sunday, 12 December 2010

Careful with some Claims Management Companies offering to write off debts

Not a great deal of updates over the last week in the PPI world. We are awaiting the FSA / FOS responses to the BBA's Judicial Review which should be served very shortly. Although it will provide some more information about the particulars of the court application, I doubt it will provide any real clarity on whether the BBA will be successful.



I noted in the press last week of a customer of a Claims Management Company called Capital Returns. This customer was told she would have all of her debts paid off (£20k). As is becoming clear, those claims are turning out to be false and having paid £200 up front to the company, this customer feels very angry about the way in which they treated her.



PPI Return would always warn consumers looking to get out of any debt. If its too good to be true, then it probably is! Many of these claims management companies have now gone out of business leaving clients seriously out of pocket. PPI Return would always suggest making a PPI mis-selling claim as it is a much more likely route to obtain compensation.

I have also read about some US reports showing credit card providers are using an automatic "opt-in" policy for payment protection insurance. In the past, this appeared to be a post card upgrade, but now they have included it at inception. Its a shame providers are still using these tactics (regardless of where in the world it is being undertaken) to sign customers up to a PPI policy.

If you think you have been mis-sold Payment Protection Insurance, don't hesitate to approach us to make a claim at http://www.ppireturn.co.uk/