It’s been extensively documented and reported that the Financial Ombudsman (FOS) has received more complaints about PPI than about any other financial product or issue. Last financial year the FOS received 135 complaints a day about mis sold PPI with many of those complaints coming from self employed and elderly individuals.

These groups were particularly badly hit by the mis-selling of PPI because many self-employed borrowers were forced to take a policy to get the credit, paid for it month on month, then when they needed it were told it doesn’t cover them because they’re self employed. Its been a similar propblem with the elderly, many of whom wher sold a policy without being told about age or health restrictions on the cover only to find they have been paying for a useless policy. Thankfully as the FOS figures show, these people are now fighting back.

Related posts:

1. PPI Claims Keep Coming As Banks Continue To Fail Their Customers
2. Mis Sold PPI And Current Account Gripes Contribute To 1600 Complaints A Day For RBS
3. PPI Mis Selling Occured On 2 Million UK Policies – So There’s A Good Chance You’ve Got One
4. Mis Sold PPI Claims Reach Record Numbers As New Forms Are Released
5. Mis Sold PPI Victims Now Have More Time To Complain