As much as half of the UK's adult population could be eligible to receive a refund for payment protection insurance (PPI), it has been said.The Star reports that the misselling of PPI lasted for around a decade, with banks selling the "highly profitable" insurance to people who made a loan claim or sought credit in other ways.Around £10 billion in PPI compensation is set to be paid out as a result of the scandal, it continued.Recently, two individuals were fined by the Information Commissioner's Office for sending spam text messages regarding the misselling of PPI or personal injury compensation claims.It has given the suspects 28 days from October 1st to demonstrate that they were abiding by the law before the final penalty notices are issued.The news source asked: "Is there anyone left in Britain who hasn't had a text message or cold call promising them a windfall stemming from PPI misselling?"Amir Hussain Amir specialises in personal loans, consumer debt and debt management
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