14:57 27 June 2013
PPI or Payment Protection Insurance is a financial product designed to help borrowers make repayments should they become unemployed or get sick for a certain period of time. It’s actually a good product however, for the last several years, banks and lending institution mis-sold this product to thousands of borrowers in order to make quick money.
If you’ve borrowed money from a bank or lending institution, you may be eligible to make a claim.
There are four scenarios that make borrowers eligible for PPI refund. These are the following:
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