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PPI Interest Still There, Reveals Capita

Despite the huge controversy that has been generated from missold payment protection, Capita Insurance has revealed that there are still consumers out there who are interested in the uses that the policy could have.

The latest figures revealed by the insurance company have shown that nearly 30% of people who are cancelling their payment protection payments wouldn’t be averse to purchasing a replacement policy. However, figures did also show that over 25% of the consumers surveyed considered PPI to be a luxury purchase rather than an essential one.

Speaking on behalf of Capita, Insurance Solutions Manager Brian Lindley stated that whilst customers decided that this sort of cover was ‘not essential’, he also noted that there was still ‘an appetite from customers to purchase a replacement product’ if it was fully compliant with new regulations that have recently been integrated into the area of missold payment protection@@.

Mr Lindley acknowledged the amount of mistrust in this area of the industry since the revelations of large amounts of misselling, but still maintained that he was aware of the responsibility that firms such as his had it came to ensuring that customers are ‘still adequately protected during this continued period of economic uncertainty’.

The recent scandal regarding missold payment protection has been steadily growing over the past two years, and is well on it’s way to becoming the most complained about financial scandal in UK history.

For more information about how you could claim up to £15,000 in missold payment protection, visit Creditline Financial now by clicking the link here.

Posted by Shaun Edwards on 17 Nov 2010

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