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Which? and join forces for PPI claims

There is still more than £5 billion worth of payment protection insurance (PPI) cover for Brits to reclaim, Which? and have stated.

On April 23rd, the organisations are to hold a PPI summit, which will be attended by the financial regulator, as well as all major credit card companies and banks.

It is hoped this event will encourage people to trust the PPI claims process and help members of the public receive the money they deserve.

Millions of men and women signed up to PPI policies they could not take advantage of or did not want, the groups remarked.

Which? estimates at least two million individuals would have PPI cover that they would never have been able to use.

Executive director of the consumer advocacy group Richard Lloyd said: "It's encouraging that the banks are going to work with us to help put this situation right and help their consumers reclaim missold PPI."

Amir Hussain
Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801344366-ADNFCR

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