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Increase in FOS Packaged Acc Success Rate
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Mersey_2
Posts: 1,679 Forumite
The April - June 2016 figures show that the Ombudsman received:
43,569 new PPI complaints and 57% were upheld;
7,319 Packaged Account complaints and 24% were upheld.
Payday Loans saw the largest increase in complaints, with 2,729 received during the last quarter.
43,569 new PPI complaints and 57% were upheld;
7,319 Packaged Account complaints and 24% were upheld.
Payday Loans saw the largest increase in complaints, with 2,729 received during the last quarter.
Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.
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So 76% of packaged account complaints were try it on money grabbers, good to see the honesty of the British public.
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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So 76% of packaged account complaints were try it on money grabbers, good to see the honesty of the British public.
Wrong again.
Most succeed at first instance ie complaining to the bank.
These figures are of those who were rejected by the bank and referred the matter to the FOS.Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.0 -
The FOS does not believe that packaged bank accounts were widespread mis-sold.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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That's true. Only 1 in 5 have complained they were (according to Moneywise).Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.0
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