PPI mis-selling: Millions to receive letters

[charitynjw]

http://www.bbc.co.uk/news/business-17269048

Banks are starting to write to millions of customers explaining that they might have been mis-sold payment protection insurance (PPI).
These letters must be written in clear, jargon-free language, the Financial Services Authority (FSA) has ordered.
The watchdog has outlined what these letters should contain, including details of a time limit for making a complaint.
It said the dispatch of letters was a "key moment" in the PPI saga.
Customers will need to respond to the letters to make a claim for compensation.
Consumer groups have pointed out that people can complain directly, for free, without using a claims management company that would charge a proportion of any resulting payout for its service.................

[winner12]

Re: PPI mis-selling: Millions to receive letters

I did ask a question on PPI thread
But will post here too hope people who get the letters dont have to wait as long as the rest of us for claims payouts

[di30]

Re: PPI mis-selling: Millions to receive letters

That is good news, although the FSA still insist to not wait for letters, but to write to them if you think you were mis sold as well.

Think all mine had all dealt with now, did have a loan from Intelligent finance around 2003, sure the insurance they found was stand alone, we did not find the insurer ourselves but still stand alone.
Don't think this one will be an issue.

[dogtired]

Re: PPI mis-selling: Millions to receive letters

Sorry to be cynical. did a Barclay's PPI claim when they said they had a "no quibble" policy.
Still turned it down and is now with the FOS
DT