PPI Scandal Costs Lloyds Another £700m
The compensation bill to repay the mis-sold Payment Protection Insurance has skyrocketed yet again as Lloyds Bank revealed another £700m hike to cover the costs of the scandal.
Lloyds have now set aside a total of more than 4.2bn to solve the PPI catastrophe- a billion more than originally expected.
Chief Executive at Which? Peter Vicary-Smith, said: “It's good that Lloyds are setting aside more money for PPI claims - consumers should get back what they are rightly owed without hassle.”
"The results today show that PPI is on course to become the biggest consumer financial scandal of all time, exceeding pensions mis-selling and the read more »
Ease you financial worries with Payment protection
Payment protection is a flexible means of taking out insurance against the chance that you could lose your income due to incapacity or involuntary redundancy. This covers a wide range of repayments and outgoings which include your loans, mortgage and including your essential outgoings. When you have a payment protection, you have different options when it comes to taking out protection insurance; you could either search for the protection yourself with as standalone protection provider or take a policy with a lender.
So what do you mean by Payment protection Insurance? You are going to take out the payment protection insurance or the PPI by read more »
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