Money Advice Direct
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The misselling of expensive Payment Protection Insurance (PPI) has gone on for far too long.
Many lenders have already paid out huge sums in compensation and have even had huge fines from the government’s regulators.
Get your money back on missold PPI insurance by reading more information here about being missold PPI insurance at Money Advice Direct Debt Advice Service.
If so you are advised to check if the lender included PPI insurance within the product. If so, you should try and get your money back.
GET YOUR MONEY BACK ON MISSOLD PPI INSURANCE
Many of the public we speak to have been told that PPI insurance was compulsory when they took out a loan, credit card or store card. The lenders have pushed their staff to SELL SELL SELL and offered them commissions to sell PPU insurance to earn extra money off their own back.
The problem with PPI insurance is that it make the loan, credit card or store card more expensive. This means that if your loan was at 10%, then maybe 2% of that loan was to cover the insurance. This means the insurance could have added 20% to the amount paid back.
Have you been sold PPI insurance?