After the judicial hearing earlier in 2011 due to mis-sellings on PPI loans by banks, the number of claims to the Financial Ombudsman Services (FOS) continues to grow day by day.
Just recently, the FOS has stated that they are receiving over 1,000 claims per week, and see no letting up any time soon on these claims. The major reason for the claims by consumers is due to the fact that many consumers are being sent rejection letter after rejection letter on their claims, by their lender; therefore, consumers are forced to go through the FOS to file their claim against banks.
Many consumers are missing out on payouts due to these mis-sellings, mainly because they are unaware and do not understand the process of filing a claim to the FOS.
Many claims for mis-sellings are totalling over 2,000 pounds, especially in those cases where consumers have taken out the single-premiumPPI insurance policy with their lenders.
Although not all claims are eligible to go to the FOS, consumers might still be able to obtain a refund. If you have tried to file a claim and failed, try contacting a claims company to help assist you in obtaining your refund today.
