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Documents tagged with mortgageprotection

Why mortgage payment protection insurance can be good for you

Many British consumers currently have a negative view of payment protection insurance (PPI) to the point that they have actually become oblivious to the possible benefits that the protection can gi...
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  • mortgageprotection published this 11/02/2007
  • 224 reads
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Why cheaper mortgage payment protection insurance could mean higher bank charges

The Office Of Fair trading recently ruled that all default credit card charges should be reduced to £12, which is roughly half of what consumers had been charged up until that point for missing pay...
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  • mortgageprotection published this 11/02/2007
  • 204 reads
  • 0 comments

What is the future for payment protection insurance?

The future of payment protection insurance (PPI) has never appeared bleaker than it is at the moment. At least, that is how it may appear to lenders and high street providers that offer payment pro...
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  • mortgageprotection published this 11/02/2007
  • 222 reads
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What is payment protection insurance?

Payment protection insurance (PPI) is protection for your monthly repayments such as credit cards, loans and your mortgage. Should you become out of work due to accident, long term sickness or unfo...
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  • mortgageprotection published this 11/02/2007
  • 245 reads
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Payment Protection “Wealth warning” to be issued

The Dally Record newspaper (3 May) reported that consumers will receive a "wealth warning" on store cards which are seen to be charging "extortionate" interest rates.
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  • mortgageprotection published this 11/02/2007
  • 103 reads
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Unwanted Payment Protection Insurance Being Sold

Shocking research from consumer watchdog Which? has shown that more than half of banks and lenders are automatically including the cost of unwanted payment protection insurance (PPI) in quotes for ...
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  • mortgageprotection published this 11/02/2007
  • 492 reads
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The £5,000,000,000 Payment Protection Insurance Rip-off

While payment protection insurance (PPI) can be a Godsend should the worse happen, the ongoing investigation by the Competition Commission and the negative press coverage relating to mis-sold polic...
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  • mortgageprotection published this 11/02/2007
  • 552 reads
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The six billion pound payment protection insurance scam

To add to it`s arsenal of names, the payment protection insurance (PPI) sector has recently been called “The six billion pound bank scam”. The sector has earned this label due to wide mis-selling o...
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  • mortgageprotection published this 11/02/2007
  • 1,185 reads
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The payment protection scandal that is costing us £6bn!

The scandal surrounding the existence and sale of payment protection insurance (PPI) alongside loans and credit cards has hit an all time low as far as the poor deal that consumers are getting is c...
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  • mortgageprotection published this 11/02/2007
  • 204 reads
  • 0 comments

the referral to the competition commission

Payment Protection Insurance and Payment protection insurance (PPI) is certainly a controversial subject at the moment. After over a years’ worth of Financial Services Authority and Office of Fai...
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  • mortgageprotection published this 11/02/2007
  • 180 reads
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The reasons behind OFT’s referral about the sale of PPI

The financial industry was rocked in early February this year by the The OFT’s decision to pass their investigation into the sale of payment protection insurance (PPI) on to the Competition Commiss...
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  • mortgageprotection published this 11/02/2007
  • 98 reads
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The Probe Into Payment Protection Insurance

The OFT announced an investigation into the mortgage payment protection industry (MPPI) in early February this year in addition to the ongoing probe into the payment protection insurance (PPI) indu...
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  • mortgageprotection published this 11/02/2007
  • 229 reads
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The outrageous payment protection insurance that had 42.5% interest charge

Months after the Financial Services Authority announced a probe into payment protection insurance (PPI), the rumblings of consumer discontent can still be heard against the financial industry. With...
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  • mortgageprotection published this 11/02/2007
  • 143 reads
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The mis-selling debacle of payment protection insurance

With around 28 million payment protection insurance (PPI) policies in force, there are a lot of people making a lot of money somewhere. In fact, the industry – which provides a tax-free monthly lum...
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  • mortgageprotection published this 11/02/2007
  • 346 reads
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The Future for Payment Protection Insurance

It seems payment protection insurance (PPI) as we know it might be soon changing for the better and not before time. After their recent investigation into the payment protection insurance sector, t...
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  • mortgageprotection published this 11/02/2007
  • 198 reads
  • 0 comments

The PPI Competition Commission Referral

The fate of the payment protection insurance (PPI) sector is in the hands of the Competition Commission after it was referred by the Office of Fair Trading. This was as a result of findings that fo...
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  • mortgageprotection published this 11/02/2007
  • 194 reads
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The final phase for the FSA and PPI

The FSA investigation into the selling techniques applied to payment protection insurance has identified that a number of lenders were not treating customers fairly by the end of 2006 so it came as...
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  • mortgageprotection published this 11/02/2007
  • 147 reads
  • 0 comments

The 42.5% interest charge on payment protection insurance

While buying a second hand car can work out quite well, for some it can turn into a nightmare. The “This is Money” website recently highlighted this when one woman’s bad experience was brought to l...
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  • mortgageprotection published this 11/02/2007
  • 1,377 reads
  • 0 comments

The ‘scam’ that makes £5bn in PPI profits every year

Talking to the Birmingham Post on 28 April, Simon Burgess from independent payment protection insurance (PPI) provider British Insurance has spoken out against the ‘scam’ that is brings in around £...
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  • mortgageprotection published this 11/02/2007
  • 246 reads
  • 2 comments