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A bit of interesting news for anyone wanting to get their Payment Protection Insurance (PPI) payments back – the Financial Ombudsman Service (FOS) has released two new forms designed to simplify the PPI complaints procedure. The move by the FOS has not come a day too soon as figures released on Monday revealed that mis sold PPI claims and complaints reached record levels last year with just over 31,000 landing on the Ombudsmans door mat.

This figure is five times more than the previous 12 months and just goes to show that the banks are still turning people away who have complaints. But don’t despair, if you ever needed persuading to make a claim, check this out: The FOS found in favour of the consumer in 89% of those 31,000 complaints. The banks may ignore you, but they’ll pay for it.

Related posts:

  1. PPI Claims Reach Record Highs
  2. PPI Claims Top The FSA Complaints Chart
  3. Mis-Sold PPI, Unfair Bank Charges And Now Extortionate Interest Rates, The UK Banking System Sucks
  4. PPI Compensation Re-assessment Delayed Till 2010
  5. Mis-sold PPI, Mis-sold Endowments, Unfair Bank Charges – What A Decade