Who Are the Biggest Victims of the PPI Scandal?

The PPI scandal has been going on for quite some time now and it has really affected a wide range of people – all coming from different occupations, lifestyles, and of course financial backgrounds. This opens us up to ask the question of who exactly are the biggest victims of the PPI scandal?

It should noted that there are too many variables to be able to give you an exact answer, however we can give you some guidelines which you should take into consideration next time you are in the bank or the lender’s office. We’ll al these methods below.

The Diversity of the Victims

Pretty much everyone has financial trouble now and so it’s no surprise that people from all walks of like will have been affected by the recent payment protection insurance scandal. The most common victim that we will probably see will be the elderly men and women – the banks will often take advantage of these customers solely because they are vulnerable and it’s much easier to get away with everything.

However, on the other end of the spectrum you can also assume that there will be a marketing team that has to cater to the younger generation – the generation that are just about to graduate from college! Students will generally have really expensive living costs and they have to be frugal about what lifestyle choices they make during the month.

Another common victim of the PPI scandal is simply the middle aged male who is trying to provide for his family. Many people are in financial situations right now because of the amount of problems that are coming up regarding claims and compensation

What You Can Do

Fortunately there are many ways in which you can get help, if you have a busy schedule then the best option might be to go through a claims management company who will be able to guide you through the process and help you with filing your claim and passing information on to the relevant parties. It should be noted that they do charge a small commission fee but this really is small compared to the amount of money that you will gain in compensation.

There is also the option to claim the money by yourself. You will need to have a bit of know-how in the finance industry and understand a bit about how claims and compensation work but you will save on the commission fee – it’s safe to say that you’ll be spending a lot more time doing this however