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Ocean finance and mortgages is a famous lender and broker in UK. This financial company is facing economic losses after £12 million hit due to mis sold payment protection insurance claims.

Claim management companies have called by building societies association in account of bogus payment coverage claims. Organization has stated that there should be more strict regulations on CMCs to keep check over fake claims.

BSA or building societies association has received several bogus PPI complaints in recent months. It has expressed his views regarding fake PPI claims.

Payment protection insurance and income protection plan both are two similar insurance products that often cause controversial definition.

Financial ombudsman services have released its latest reports about the complaints. Data released by the company shows that number of mis sold payment protection insurance complaints is still higher.

Financial Ombudsman service has stated that there is above 63% of rise in income protection policies complaints over the last year.

UK’s highest profit banks have unfairly sold thousands of payment protection insurance plans to consumers in last few couple of years. But PPI scandal is now in front of everyone and those who were out of money due to unfair PPI plan...

Top several financial institutions of UK have received an order by Central bank to review payment protection insurance policies those were sold by them in last few couple of years.

If you have also taken mortgage, loans or credit card in last ten years then you might also be victim of get PPI refunds. Any lending financial product sold in last ten years by brokers or banking organization was generally available with PPI plan.

Some insurance claims get accepted whereas some of them get rejection. In case of PPI or payment protection insurance there is completely difference situation. Most of PPI claims get rejected by the insurance providers and very few of them get...