price comparison

Price Comparison Websites

The internet has proven to be a very useful tool in the business world. Lots of businesses now feature their products and services online. This enables customers have access to these products More »

Payment-Protection-Insurance

How to Claim Payment Protection Insurance (PPI)

Payment Protection insurance is straightforward enough. It is popularly known as PPI. It is an insurance policy that covers credit card payments or a monthly loan. This policy covers people when they More »

financial-ombudsman

Financial Ombudsman

An ombudsman is an office or a person who acts as an intermediary between citizens and the authorities. The main aim of the ombudsman office is to resolve conflicts and settle disputes More »

Price Comparison Websites

price comparison

The internet has proven to be a very useful tool in the business world. Lots of businesses now feature their products and services online. This enables customers have access to these products and services via the internet, on the World Wide Web. Many businesses, companies, start-ups, organizations and a host of other trading enterprises have an online presence in one form or other. This is in their quest to take advantage of the huge potential that the internet has as well as give them an edge over competitors.

While it is great to have so many businesses advertising their products and services on-line, it becomes quite daunting for regular customers to be able to pick out one good provider among thousands of others. This is why there are online comparison sites. Online comparison sites are websites that help customers be able to locate businesses and organizations that provide the kind of goods and services that they require.

Price comparison websites can help customers save plenty of money by helping them identify some of the cheapest providers of goods and services. These websites are useful in two distinctive ways. They assist shoppers or users to save time sifting through hundreds of websites in order to identify the right provider. This saves them time, effort and resources. These price comparison websites also help customers save money by providing a short list of websites that provide the services being sought at very affordable rates.

Developments in software technology have enabled these virtual shopping assistants reduce the time it takes to locate the required products. A search can now take just a couple of seconds. These websites will usually enquire form the shopper what particular goods they are looking for as well as a few other specifications. Within a couple of seconds, the site will provide them with the results they desire. Sometimes these results are quite specific and come with recommendations, deals that have discounted prices or items that have a price mark down.

Some of these websites have databases of companies whose prices they compare while other websites browse through the internet to seek some of the best deals as well as cheapest offers. Some of these sites also get paid if a sale is generated from there.

Price comparison websites are useful in helping customers pay the lowest prices. These websites feature most products that consumers purchase via the internet. They include clothing items, food items, loans from financial institutions, gifts as well as many other products. Some price comparison websites deal only in specific product categories, such as insurance products, finance and loans, while others are general and can pretty much locate the lowest prices of most products advertised on the internet.

How to Claim Payment Protection Insurance (PPI)

Payment-Protection-Insurance

Payment Protection insurance is straightforward enough. It is popularly known as PPI. It is an insurance policy that covers credit card payments or a monthly loan. This policy covers people when they lose their job, or lose the ability to pay for their loans. It is more known as Loan Protection Insurance.

People who that have claimed a credit card or a mortgage within the last ten years will probably have Payment Protection Insurance. Those who are not sure can simply check their credit statement. It will say whether or not it is included. Most of the time, they have the single-premium policy. In this policy, thirty to sixty months are in the main loan. The interest levied on the insurance policy is the same right from the start. Credit card loan protection insurance is added monthly. That means that it will show up in the monthly statement.

Those that never asked for a PPI but still have it have probably been tricked into it. The insurance is not compulsory. It can also be taken from another insurance agency. There is massive potential for profit here. It is so massive that most lenders or banks would, in fact, try mightily to slip it into the bill whenever they can.

There are a number of attorneys that can help reclaim payment protection insurance. These attorneys can make sure that people can get the premium from their PPI as if it were never sold. They can help people reclaim all payments that have been made for it. They can also make sure that return of commission occurs and that broker fees and commissions are also returned. A financial ombudsman can help immensely here.

Those that have been tricked into purchasing the police reclaim their premiums at eight percent interest. People can also claim it if they were treated unfairly. They can also reclaim their premiums.

It would be wise to speak to the bank that offered the insurance police in the first place before contacting an attorney or claims management company. The problem is that they are likely to deny tricking them into buying the policy. They will claim that they have recordings that say so, but wise customers would stick to their guns. If they refuse to hear their grievances, they can contact the Financial Ombudsman service to reclaim their PPI. If they are lucky, the problem can be resolved without too much trouble.

Financial Ombudsman

financial-ombudsman

An ombudsman is an office or a person who acts as an intermediary between citizens and the authorities. The main aim of the ombudsman office is to resolve conflicts and settle disputes that may arise between parties. In the UK, the office of the financial ombudsman was established so as to provide a forum for settling conflicts and complaints between individuals or businesses and players in the financial sector. These include banks, mortgage lenders, insurance companies and other players in this industry.

The office of the financial ombudsman is basically meant to deal with complaints that arise from UK residents and businesses providing financial services such as credit card companies, brokerage firms, stocks, shares and bonds traders, savings and credit firms, and even money transfer companies. All these firms can be referred to the financial ombudsman if a customer feels that they were unfairly treated.

The consumer who believes that they have been unfairly treated by a financial institution needs to first forward the complaint to that financial institution so they may try and resolve it. This is before they can file a complaint with the office of the ombudsman.

Many UK residents often feel cheated or unfairly treated by financial institutions such as banks and insurance companies. These complaints are usually significant enough to inflict some loss of one kind or other to the customer. However, it becomes pretty hard for them to receive a hearing from senior executives of the particular financial firm, and since most people cannot afford the services of a lawyer or solicitor, often let the matter end without having resolved the matter.

By referring the matter to the office of the financial ombudsman, UK residents are able to receive a reprieve from their financial woes. The office of the ombudsman will receive their complaint and then make a decision regarding the particular case. The ombudsman will be guided by the codes of practice, relevant laws pertaining to that financial sector, sector regulations and regulator guidelines as well guidelines and industry standards. The ombudsman will then make a finding that is supposed to be fair, impartial and unbiased.

The ombudsman office provides a great relief to many regular UK residents who may receive unfair or unjust treatment from players in the financial industry. Most cases regarding finance such as credit card matters, mortgage issues, loans and others, can be referred to the ombudsman for resolution. The ombudsman will make a finding, and if they find that a business is in the wrong and has caused the complainant to suffer loss, then they will order that the situation be made right.