08:28 03 August 2013
PPI or Payment Protection Insurance is a financial product designed to protect borrowers should they suddenly become ill or unemployed and be unable to pay for their debts. PPI typically covers 12 months repayments.
Although it is a good product, it was mis-sold to a lot of people. A number banks and lending institutions made money from PPI.
If you’ve taken out a loan before and paid for PPI, below are the grounds that you can use to file a claim:
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