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Buying a payment protection insurance is intended for instances of people unable to go to work for the sake of employment because of unforeseen events such as sickness and accidents. The insurance works as a saving grace for these individuals because payments are made with the assistance of the insurance. However although this one sounds beneficial to ones part, claims are made by banks and lending companies to make the insurance compulsory for every individual who files for the loan. This kind of insurance purchase is subject to claim back ppi compensations. The tactics used by banks about the issue of this financial scam is not valid for a legal law set by the Financial Ombudsman.
This is why the Financial Security Authority and the Financial Ombudsman was full force in supporting the fight against the compensation that people are supposed to owe. Major and minor banks were fined in result of the investigation and they are asked for giving the right to claim back ppi for their affected customers. Some banks deny the order of giving back compensations. This resulted to the outrage of some of the affected customers thus seeking for legal actions via public lawyers. Other bank branches are also in rage since they are accusing the FSA fine them with large amounts of money even if the costs they have omitted was lower than the reported amount.
It was the Financial Ombudsman who made way to the discovery of the financial scam. Now this is your time to take some actions. Start your claim by calling our number 0800 840 7292. We guarantee you a fast and reliable service through your claim.