Archive for the ‘Money Back’ Category

Saving for a “Rainy Day” – Why Saving Money Is Important

Saving Money

Many of us have gotten out of the habit of saving. We know we are supposed to, but we’ve adopted lifestyles that have us living pay cheque to pay cheque. The result is that when things get a little difficult financially, we can lose everything.

Even minor financial setbacks can become major events, causing stress, unhappiness and financial loss. Saving for a “rainy day” is about more than doing what you’re supposed to do – it’s about taking good care of yourself today, tomorrow and every day in your future.

Imagine being able to always afford life’s little emergencies. Here are just a few of the common little emergencies we face on a regular basis. Perhaps one or two of these resonate with you. (more…)

FSA Cracking Down On Mis-sold Payment Protection

The FSA asked lenders on Tuesday to identify and compensate customers that have been mis-sold payment protection insurance as part of a crackdown on bad sales practices in the industry.

The FSA have asked companies to examine PPI contracts sold directly to consumers alongside an unsecured personal loan from after July 2007 for evidence of mis-selling, and compensate affected customers.

Lenders will also have to reopen 185,000 previously rejected customer complaints about PPI.

“This is the last chance for the industry to show that it can act fairly, consistently and in the best interest of consumers on PPI,” said Jon Pain FSA managing director of retail markets in a statement.

“All firms operating in this sector should take note and where necessary get their house in order.”

The first half of 2009 saw PPI, typically sold alongside consumer loans, top the charts of the most complained about product, the Financial Ombudsman Service sstated earlier this month.

To find out if you were Mis-sold Payment Protection Insurance and to claim compensation click the link.

Judge Finds £8,000 Debt Unenforceable

A county court judge has made a ruling that could see thousands of borrowers being able to cancel their loan and/or credit card repayments.

The ruling by Judge Jacqueline Smart at South Shields county court stated that the MBNA credit card company cannot demand the repayment of a customer’s debt.

MBNA tried to force Lynne Thorius to repay the £8,000 she owed on her card.

But the Judge decided that Ms Thorius had been sold payment protection insurance in an unfair manner. (more…)