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THE CHANCES THAT YOU HAVE BEEN MIS-SOLD PPI ARE VERY HIGH

  • 20 million people have taken out payment protection insurance.

  • The Financial Ombudsman received over 30,000 PPI complaints in 2009.

  • 24% of all complaints to the Ombudsman are about PPI - the highest % of all complaints made.

  • 89% of PPI complaints to the Ombudsman were upheld in 2009.

  • Banks and Lenders are overcharging PPI customers by £1.4 billion per year.


SOME OF THE BIGGEST NAMES IN BANKING AND OTHERS IN THE RETAIL SECTOR HAVE MIS-SOLD PPI

•  Alliance & Leicester                             

Fined £7 million in October 2008

•  HSBC owned HFC Bank                     Fined £1.085 million in January 2008
•  Liverpool Victoria Banking ServicesFined £840,000 in July 2008
•  Egg 

Fined £721,000 in December 2008

•  GE Capital Bank          Fined £610,000 in October 2008
•  Land of Leather               Fined £210,000 in May 2008


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