The Controversy behind Payment Protection Insurance

Posted by Paul Bell on Dec 13th, 2012 | Comments Off

Consumer credit claims stood out from 2006 up to 2007, specifically in the United Kingdom. Mis sold PPI claims UK cases are now famous around the world. PPI and consumer credit claims caused enraged consumers to file law suits against banks and other lenders. To this day, only a small percentage of those policies that were mis sold have been repaid back to the consumers. How did this come to be?

PPI stands for Payment Protection Insurance, a type of insurance that pays off ones principal debt in case the consumer is not able to pay back their premium debt…