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PPI Most Complained About Financial Problem

09-20-2010 07:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ppiclaimcompany

FOR IMMEDIATE RELEASE

London, UK, 16th September, 2010: Payment Protection Insurance (PPI) was the most complained about financial issue in the first half of 2010, according to new figures.
The Financial Ombudsman Service (FOS) has received 30,000 complaints from consumers who have been mis-sold the policies.
The body received three times more complaints about PPI than the combined totals for mortgages, investments, and pensions.
Overall, 84,212 new complaints were made to the FOS about financial institutions between January and June, a rise of three per cent compared to the final six months of last year.
Natalie Ceeney, chief Ombudsman at the FOS, said: "The latest set of complaints data shows that some businesses are really committed to ensuring that complaints are handled well, and are used to inform and improve the service they offer their customers.
"However, the complaints data also shows there is still more that some businesses need to do to ensure that complaints are properly investigated and fairly resolved."
”Payment protection insurance is one of the most complained financial issues of 2010. This shouldn’t surprise many as there have been quite a few defaults in the past couple of years due to the global meltdown and job cuts” says financial analyst Charles Baker who has decades of experience in the financial industry. He works as a financial analyst for PPI ClaimCompany.co.uk.
“Most financial institutions are now focusing on catering to the complaints regarding payment protection interest of the customers. But the huge volume of complaints also raises doubts on the system which is being used to cater to such complaints.”
PPI Claims Company is one of the premier PPI companies in the world. It has years of experience in this field and can help you with your payment protection claim using their no win, no service fee policy. To know more about loan insurance claims and PPI claim log on to http://www.ppiclaimcompany.co.uk/. You can also know about claim back loan and check out the free PPI reclaim calculator in the website.

Contact Details:
PPI Claims
Belmont Thornton
Suite 2, Unit 25
The Coda Center
Street: Munster Road
City: London
Post Code: SW6 6AW
Country: United Kingdom
Phone: 0207 717 9447
E-mail: alex@saveamillionshots.com
Website: http://www.ppiclaimcompany.co.uk
###

PPI Claims Company is one of the premier PPI companies in the world. It has years of experience in this field and can help you with your payment protection claim using their no win, no service fee policy. To know more about loan insurance claims and PPI claim log on to http://www.ppiclaimcompany.co.uk/. You can also know about claim back loan and check out the free PPI reclaim calculator in the website.

PPI Claims
Belmont Thornton
Suite 2, Unit 25
The Coda Center
Street: Munster Road
City: London
Post Code: SW6 6AW
Country: United Kingdom
Phone: 0207 717 9447
E-mail: alex@saveamillionshots.com
Website: http://www.ppiclaimcompany.co.uk

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