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Have you taken out a loan from your bank in the last six years?

Thousands did, and just like them you could have been mis-sold Payment Protection Insurance, meaning that you could be entitled to a refund of thousands of pounds!

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Reclaim PPI NOW! Banks are trying to shut the door

The City regulator have said that any time limit on payment protection insurance (PPI) would have to ‘get compensation to more consumers, more quickly’ amid fears it is about to cut a deal with the banks.

The plan has sparked fears that the deadline would allow banks to escape repaying many mis-sold victims.

The FSA have said that ‘Our key priority is to ensure consumers are protected, so the FSA Board would need to be convinced that any proposal would be in the interests of consumers.

‘We have had initial discussions and are prepared to consider the merits of this and other options. A key consideration will be the potential to get compensation to more consumers, more quickly.’

A BBA spokesman said the body wants to ensure that consumers who have been mis-sold a policy receive their compensation that they are entitled to.

ACT NOW! If you think you have mis-sold PPI, even if your complaint has been previously rejected by your bank/lender or should you require more information – contact Creditline Financial immediatley to find out how much you might be owed.

Posted by Jay Beecher on 23 Jan 2013

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