Mis-selling of PPI has turned into one of the largest financial scandals the UK has ever seen; almost 100,000 complaints from borrowers have been recorded in the first half of this financial year alone. The Financial Ombudsman Service (FOS) has reported that the volume of new complaints in the past three months – almost 67,000 […]
Tag: PPI financial complaints
PPI accounts for half of all financial complaints
In the final three months of last year over 50 percent of the complaints that the Financial Ombudsman Service received was in regard to PPI, or payment protection insurance. It is expected that this year the number is going to increase even further and the ombudsman expect that the number of complaints is going to […]