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How to claim for PPI compensation on your old store card

If you were talked into having a store card before 2001, there's a good chance you may have been mis-sold PPI. However, a lot of the claims for this particular cover were thrown out too quickly, which means you might be in-line for some compensation. Some banks ditched a lot of these claims without looking…

Wonga to try out 90-day loans

Wonga - remember them? Well, they're peering out from a cloud of trouble, fines, restructuring costs, and a lot of bad press, and looking to win customers over again with some new products. They're going to start testing a 90-day loan, so people can spread costs out over longer periods, and the idea is that…

How to make a PPI claim - hurry, there's a deadline due!

If you think that you've been missold Payment Protection Insurance (PPI) and you've been lazy with regards to sorting it out, you're going to have to get a wriggle on, because the Financial Conduct Authority is thinking about putting a deadline on the whole thing. Now, you might think it is really difficult to make…

Water companies the latest to be outed for sending bogus debt collection letters

It seems no-one is safe from scam debt collection agencies. Hot on the heels of banks, energy companies and payday lenders, the latest industry group to admit inventing ominous debt chasers is the water companies, with more than half the UK's water suppliers copping to the practice.. Twelve of the UK's largest water suppliers told…

It’s official- loyal bank customers get a raw deal

Everyone knows that, to get the best deals, you need to shop around, and savings rates are no exception. Now, as part of its flurry of proactivity since being formed, the Financial Conduct Authority (FCA) have proved the fact as part of an investigation into the cash savings market- and they don’t like it. The…

90s student loan borrowers to get refunds

Did you go to university in the 90s? Did you wear tie dye and bad combat trousers and skin up on a copy of Dodgy’s first album? WELL, here’s some good news for this generation of frazzled ravers. Due to a long running paperwork eff-up, thousands of student loan borrowers will be getting money taken…

Stop. Do not claim PPI. Or do, but do it yourself.

The PPI claim bandwagon is still rolling, and like ambulance chasers before them, the number of PPI claim management companies (CMCs) is also multiplying like horny rabbits. However, there is still over £5bn in mis-sold PPI yet to be claimed, meaning it is still worth their while trying to snare unsuspecting consumers. So, your alternative…

Spam SMS from loan companies - what you should (and shouldn't) do

Every couple of months we receive an email like this one from avid Bitterwallet reader Stephen. We keep receiving them because the world is still full of low-life loan companies that will do anything to take your money. So here's Stephen's dilemma, along with some background on about why businesses harass consumers with SMS messages:…

Gone fishing - the Lewis Group's debt collection techniques

Bitterwallet has little time for debt collection agencies, but there are varying degrees of unpleasantness. Scraping the bottom of this slimy gutter are those companies that deceive and bully people into paying up. A Bitterwallet reader has been in touch, concerned about a letter he received from a sinister sounding organisation: This morning I got…