Manchester, particularly Manchester city centre, has become a very desirable place to live Many new and fantastic properties have been built there over the last 10 years

For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to customers has been a big issue and the business of reclaiming PPI has boomed, with thousands of customers claiming back the money they spent on mis-sold Payment Protection Insurance But how were they mis-sold the PPI in the first place and by whom

Despite the Supreme Court ruling that the Office of Fair Trading did not have the right to assess bank charges for unauthorised overdrafts, bounced cheques and failed direct debits, it is still possible to at least attempt to reclaim any charges you feel are unfair The definition of an unfair charge is a little unclear, but essentially the sum charged must reflect actual costs incurred and not exceed damages the bank suffered due to the breach of contract (which you entered into when you opened your bank account or took out your credit card), otherwise it becomes a penalty

Payment protection insurance, also known as PPI, Credit Protection Insurance or Loan Repayment Insurance, is an insurance product designed to cover an outstanding debt should you be unable to make the repayments, either through unemployment, accident, illness or even death PPI is most often sold by banks and loan companies when you take out a loan or mortgage or by other credit agencies when you make a purchase