Money Advice Direct
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Payment Protection Insurance is a kind of insurance that covers the repayments of a loan, credit card, car finance or other borrowings in the events of certain problems for example if
you are unable to work because of illness, or you have lost your job or been involved in an accident and being unable to make payments. The benefits of the different policies can vary significantly from PPI policy to PPI policy. There are many kinds of the PPI policy such as:-
A PPI policy can be very beneficial not only for the debtor but also for the creditor as this policy on its one hand assures the repayments of the debts of the debtor and on the other hand it indirectly it also assure to the creditor to get back his money on time.
In the last few years the media has reported many incidents of lenders misselling PPI policies. Examples of this misselling are:
If you’re not sure what do to next – get in touch with us. We should be able to sort out which company is involved and pursue then for compensation.