A Peek Into PPI Protection

The term ppi refers to payment protection insurance, a form of guarantee intended to cover the repayment of your loan in case you are unable to do this on your own. A common reason for using ppi is when you are forced to stop working due to either a debilitating sickness or a permanent disability.

The terms covering a typical payment protection insurance or ppi tend to vary, including the benefits that you can avail of.

Nevertheless, in many cases, a ppi is extended as one of the components of your mortgage or loan agreement and even of your credit card contract. However, there are also instances when a ppi can be secured on its own to serve as loan repayment protection.

The details surrounding many ppi policies are rather unclear, however, and this is the reason a number of complaints have been received about the ppi. Normally, three different problems crop up in this regard. The first has to do with making ppi claims that are eventually turned down. In this particular case, the insurance firm responsible for managing the ppi has refused to release the funds due to a particular contract clause that the insured was unable to appreciate as this was provided in fine print.

PPI Protection

The second issue involving payment protection insurance or ppi is that this may have been missold to the insured party, leading to ppi claims. Under this particular scenario, there are two possible reasons on how a person got covered by this particular insurance type. One, the insurer did not take the time to explain to the insured what ppi was all about. In return, the latter accepted the policy without really understanding how this can get to benefit him in the future. Two, the insured party was not made fully aware that he has purchased insurance that he may not really need. [Continue reading]

Education in Money Needed To Stop National Debt

As it’s something that we all have to deal with at some point in our lives, you would think that money management would be something that is taught to us in Britain from an early age. At the moment, financial education is not something that is on … [Continue reading]

PPI Claims

Have you taken out a mortgage or loan in the past? Were you also asked to buy a payment protection insurance (PPI) policy too? If so you could be among the thousands of people who are entitled to make PPI claims for the charges on policies that have … [Continue reading]

This PPI Bombshell Could Bring You Surprise Cash

The Payment Protection Insurance (PPI) scandal seems like it'll never end. The statistics on this scandal are staggering, with well over 16 million policies being considered to be mis-sold since 2005. Major banks and lenders have tried to keep up … [Continue reading]

Mis Sold Payment Protection Insurance

If you have had a loan, mortgage or credit card then the unfortunate fact is that you might have been Mis Sold Payment Protection Insurance. Lenders in the UK Mis Sold PPI at an alarming rate and now they have to pay it back. It is estimated that … [Continue reading]

Reviewing a Potential PPI Claim Before the New Year

Are you looking at PPI again? Are you worried about not getting the right PPI claim before it's all too late? Well, it's up to you to take it to the next level. The PPI scandal has been well documented in just about any paper that you wish to read. … [Continue reading]

Pitfalls of Payment Protection Insurance

Have you ever fallen for the promises of insurance companies? Their way of sweet talking you to buy different policies is probably one of the most effective marketing strategies that the market has ever seen. First, they will try to guess how you … [Continue reading]

PPI: If it was mis-sold, don’t hold back and make a claim

As someone who relies on credit, you probably also have been worried how you were going to keep up with the repayments if in case you become unable to due to a prolonged illness, accident, or redundancy. You and every other individual probably have … [Continue reading]

Compensation Paid For PPI Claims Helps Boost Economy

Questions have recently arisen as to how much the 9 billion pounds paid out in the last 2 years to customers who were mis-sold payment protection insurance has helped to boost the economy. Over 35 million people in the UK have been sold payment … [Continue reading]

Can You Really Handle PPI On Your Own – Without the Claims Company

Look, we live in a DIY culture -- we get that. A lot of emails are coming in mentioning this, and the concern is now whether or not you really need a claims company in order to pursue PPI. The truth is that yes, you can claim PPI on your own. In … [Continue reading]