Creditors in the UK are setting aside more provisions for the PPI scandal, with the current bill at over £15 Billion in the UK alone, it is no wonder that banks and other creditors are having to increase their provisions dramatically as people are increasingly wanting to reclaim back their mis sold PPI from their creditors across the UK.
With over 10 million policies believed to have been mis sold by banks, there is little wonder the PPI provision has hit such an all time high. It is also believed to reach a whopping £50 billion if banks in the UK pay out on all the mis sold insurance policies in total.
When UK consumers took out their credit agreements with creditors such as banks and other financial institutions they were often sold an expensive insurance product that they did not want or need. This is why PPI was so widely mis sold to UK consumers and why they have had to set aside such a huge amount to deal with the PPI complaints.
We have helped thousands of clients with their PPI complaints from start to finish and we guarantee a professional and comprehensive service to ensure that all our clients receive the best service available.