I met with a chap yesterday who came to me with a debt problem after a little chat I was about to send him on his way, but we drifted on to what he did for a living. He said he worked for Alliance and Leicester as a contractor in the PPI department. he said he spent his days agreeing to pay back PPI commission on loans that people had taken out where the PPI was a pressurised sale. In two years between January 2005 and the end of 2007 some 210,000 loans were agreed with PPI on them , where the sales staff were encouraged to persuade anybody who questioned the inclusion of PPI to take it.
The cheques being sent out ranged from anywhere between £60 and £3,000 depending on the amount of the loan and the time over which it was being paid.
This struck me as quite astounding, and after a little reading I found that Allinace and Leicester has been fined £7,000,000 for this mis-selling. As well as them fines were also heaped on Liverpool Victoria in the amount of £840,000 and £1 million for The HFC.
I'm going to try to find out who else has been fined and post the information up here so those who have suffered understand they can claim.
In two years between January 2005 and the end of 2007 some 210,000 loans were agreed with PPI on them. PPI Claims
ReplyDelete