Swinton Group was recently caught misselling Payment Protection Insurance (PPI) by the Financial Services Authority but was let off too lightly, said Vera Cottrell, personal finance campaigner for Which?
The Financial Services Authority imposed a fine of merely £700,000 on the Swinton Group, despite evidence that the fine makes up only one tenth of what the [...]
All Posts Tagged With: "PPI"
Swinton Gets Off Lightly
More Bad Press for PPIs
Payment Protection Insurance (PPI) has received a good deal of bad press over the last few months due to reports of extortionate rates, unfair policy exclusions, and unscrupulous selling practices of credit and loan providers; see our Payment Protection Insurance guide. For consumers seeking peace of mind against the threat of financial hardship due to [...]
July 7th, 2008 | Catriona | 0 comments | Continued
Payment Protection Insurance (PPI)
What is Payment Protection Insurance?
Payment Protection Insurance, or PPI, is a policy which covers your monthly repayments in the event that you are unable to work due to accident, ill health or unemployment. It is usually taken out when applying for a mortgage, loan or credit card, although policies can be bought separately from insurers [...]
