Does the PPI market have much time left?

It feels like the PPI claims scandal has been rumbling on for almost as long as the banks were fooling customers into paying for the unnecessary insurance policy.

With so much media coverage of the scandal over the last year or two, it would be easy to think that every customer who is owed money has now received compensation.

Yet, as research shows, the PPI scandal is far from over and there is still plenty of opportunities for PPI claims to be made.

Ongoing scandal

The Financial Ombudsman Service revealed recently that it received a whopping two million enquiries and complaints from consumers last year – an increase of 92% on the previous year.

It went on to say that PPI claims have accounted for almost three quarters of its workload over the last 12 months, demonstrating that this scandal is far from over.

With an increase in complaints that banks are failing to deal with PPI claims properly, Now is as good a time as ever to let PPI claims handlers manage the process for you.

Still time left for PPI customers

Experts estimate that the PPI scandal could end up costing banks as much as £15 billion, and with £9 billion paid out already there is still a long way to go.

So, there is just as much reason as ever for consumers who believe they might be have been mis-sold PPI to get in touch.

To speak to us about helping you make your PPI claim please call 0800 849 8660 or email info@theppiteam.com

(Source: http://www.theguardian.com/money/2013/may/29/ppi-complaints-ombudsman-banks-claims)