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Why it pays to challenge your bank

But FOS
fake Michael kors handbags outlet expects the number of PPI complaints to hit a record 165,000 in the new financial year, starting in April, as banks either fail to meet their eight week deadline to deal with cases or turn down those where it feels it is in the right.Banks have been forced to hand back
Michael kors handbags outlet 1.9billion so far to customers mis sold PPI on loans, credit cards and mortgages.Yet the final bill could top 8bn, with FOS now getting a staggering 1,000 PPI complaints every day.The surge is being
replica Michael Kors handbags fuelled by claims management firms who lodge complaints on customers’ behalf, and take a big cut from the payout for their efforts.It is estimated around 50million worth of compensation with go to these firms this year, when customers could have got the money back themselves.Lloyds Banking Group was the most complained about firm in the second half of last year, with 20,310 cases, although that’s not surprising given it is the UK’s biggest and includes high street names Lloyds TSB and Halifax Bank of Scotland.UNSYMPATHETICThe tally was down sharply from the 37,696 in the first half because of PPI.On a stand alone business basis, Barclays Bank was worst with 11,524 complaints, and took the dubious top spot from Lloyds TSB, which dropped to third place.Second was MBNA, then after Lloyds, HBOS, Santander, Capital One, Black Horse Ltd, HSBC, NatWest and Nationwide Building Society.Barclays also had the worst track record for rejecting PPI complaints, with almost 7,000 customers forced to take their gripe to FOS.Yet the
replica Michael Kors outlet fact the ombudsman found in the customers’ favour in a staggering 99% of cases shows just how wrong the bank which recently announced it made a hefty 1.4billion from its UK arm last year had been to dismiss them.FOS also upheld 99% of the 5,377 PPI complaints against MBNA, which was second in the list.However, it only upheld 11% of PPI gripes about Capital One and 7% against Nationwide, suggesting they are better at dealing with issues in house.Complaints for the whole of 2011 soared by 41% to a massive 256,118, even with the drop in the second half of last year.Cases involving mortgages rocketed by 38%
Michael Kors handbag outlet in the second half of last year. One big reason is borrowers saying that lenders are not being sympathetic when they are in trouble, so they go elsewhere for help.The data showed
cheap Michael Kors why it is worth not giving up, with
Michael Kors discounts the ombudsman finding in customers’ favour in nearly three quarters of occasions.In the first half of 2011 the ombudsman ruled in favour of only about half the cases, most of which were PPI related.DEADLINENatalie Ceeney, FOS chief executive and chief ombudsman, said: "The proportion of complaints that we have upheld in favour of the consumer ranging from 6% to 100% clearly highlights the difference in PPI complaints handling across major businesses over this period."It also reflects
cheap Michael Kors the efforts made by some businesses to resolve quickly the hundreds of thousands of PPI complaints that had built up during the banks’ unsuccessful PPI legal challenge."Articles Connexes：