The Financial Services Authority (FSA) and Financial Ombudsman Service (FOS) set new rules for the BBA to abide by after the FSA received more than one million complaints about the way PPI was dealt with.
The new rules have been put in place to prevent banks and lenders from continuing to mis-sell PPI.
PPI is commonly mis-sold to unsuspecting customers who know little about what they are buying. Payment protection insurance is designed to cover the cost of repayments on loans or credit cards if you become ill, have an accident or lose your job.
What may appear to be a beneficial product, which will safeguard your payments, can actually be incredibly misleading as customers are sold policies, which are often invalid and leave them with no cover whatsoever.
Once this scandal unravelled the FSA and FOS acted on behalf of the consumers to stop banks and lenders from miss-selling PPI. They have also fined a number of banks and lenders who have since then had to pay out millions of pounds in compensation.
This is great news for the consumer as they can now claim back the money that is rightfully theirs. Always look for successful ppi claims to help inform your decisions. Banks have been mis-selling PPI for the last decade and consumer watchdogs and other organizations have been campaigning for a review. Find out how you can claim ppi
]]>The Financial Services Authority (FSA) and Financial Ombudsman Service (FOS) set new rules for the BBA to abide by after the FSA received more than one million complaints about the way PPI was dealt with.
The new rules have been put in place to prevent banks and lenders from continuing to mis-sell PPI.
PPI is commonly mis-sold to unsuspecting customers who know little about what they are buying. Payment protection insurance is designed to cover the cost of repayments on loans or credit cards if you become ill, have an accident or lose your job.
What may appear to be a beneficial product, which will safeguard your payments, can actually be incredibly misleading as customers are sold policies, which are often invalid and leave them with no cover whatsoever.
Once this scandal unravelled the FSA and FOS acted on behalf of the consumers to stop banks and lenders from miss-selling PPI. They have also fined a number of banks and lenders who have since then had to pay out millions of pounds in compensation.
This is great news for the consumer as they can now claim back the money that is rightfully theirs. Always look for successful ppi claims to help inform your decisions. Banks have been mis-selling PPI for the last decade and consumer watchdogs and other organizations have been campaigning for a review. Find out how you can claim ppi
]]>You don’t have to travel into the city to find somewhere to buy or sell at auction, why not try an auction house in Essex instead. You will find all of the knowledge and experience you would expect whatever it is you are interested in.
Once you have a shortlist, why not give them all a call. It can make things a little easier if you prepare a script in advance to make sure you don’t fortget any questions. It can be a personal experience and so of course you want the people handling your goods to know what they are talking about but you also need to make sure that you will be able to work with them. This is particualrly important if you have a very valuable item to sell or if you have multiple items. Click here to find out more about selling at auction.
If instead you are looking to buy and have an idea of the kind of thing you want then take a look around as there are often specific sales happening. Some auction houses will have regular sales of popular items such as toy sales or furniture. You may also be able to find sales that are focussing on a specific period in time such as Victorian on the 50′s, sometimes these can help you to achieve a higher price as you often find more knowledgeable people coming along looking to buy.
So whether you are a buyer or a seller don’t just write off auction houses outside of the major cities, why not try a local one in Essex you will often find that you receive a service comparable to the big auction houses in fact it can even be better
]]>You don’t have to travel into the city to find somewhere to buy or sell at auction, why not try an auction house in Essex instead. You will find all of the knowledge and experience you would expect whatever it is you are interested in.
Once you have a shortlist, why not give them all a call. It can make things a little easier if you prepare a script in advance to make sure you don’t fortget any questions. It can be a personal experience and so of course you want the people handling your goods to know what they are talking about but you also need to make sure that you will be able to work with them. This is particualrly important if you have a very valuable item to sell or if you have multiple items. Click here to find out more about selling at auction.
If instead you are looking to buy and have an idea of the kind of thing you want then take a look around as there are often specific sales happening. Some auction houses will have regular sales of popular items such as toy sales or furniture. You may also be able to find sales that are focussing on a specific period in time such as Victorian on the 50′s, sometimes these can help you to achieve a higher price as you often find more knowledgeable people coming along looking to buy.
So whether you are a buyer or a seller don’t just write off auction houses outside of the major cities, why not try a local one in Essex you will often find that you receive a service comparable to the big auction houses in fact it can even be better
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