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We all know Payment Protection Insurance (PPI) has been a massive cash cow for the banks and lenders. They’ve included it in thousands, maybe millions of loans unfairly and without the consumer knowing. But the fight back is truely on and the best bit is, you now have the support of the Government and Financial Ombudsman.

The latest claim numbers show that the Ombudsman received 858 new PPI compensation claims last week, up from 500 a week at the end of 2008.  All in all, over 26,000 claims were made last year and with the test case soon to be concluded, this figure will no doubt keep rising.

Related posts:

1. PPI Claims Rise As FSA Plays Hard-Ball
2. PPI Claims On The Increase
3. Will PPI Claims Be A Thing Of The Past?
4. PPI Claims Cash Used For Banker Bonuses
5. PPI Costs Rise