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Payment Protection Insurance
Submitted as: jskclaims
If you have taken out a loan or credit card in the last ten years then it is likely that you have also been sold Payment Protection Insurance (PPI) as part of the loan agreement.(read
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Category : Business
An Overview Of Payment Protection Insurance
Submitted as: Webmaster
Payment Protection Insurance, abbreviated as PPI, is a liability insurance to cover the debts in case the debtor becomes unfit to pay the loan due to accident, chronic illness or sudden unemployment. It also applies to failure of repayment owing to death of the debtor. Perhaps, PPI has its own limitations. PPI assures to repay the loan for a span of one year. At the end of the deadline, the defaulter has to assume responsibility to repay the loan irrespective of his/her circumstance.(read
entire article)
View : 112 Times
Category : Insurance
Regarding Payment Protection Insurance That You Should Know About
Submitted as: jskclaims
The main aim of Payment Protection Insurance is to provide the policyholder's loan protection insurance if the person is given redundant or is ailing from some kind of illness so that he is unable to return his loan or mortgage. In many occasions PPI insurance has been mis sold to individuals without revealing the information that has to be disclosed before selling any PPI. By considering all these facts about the mis sale of PPI, it is always important to keep in mind while proceeding with buying the loan protected insurance. A person who has obtained a loan protection or credit card in the recent past may have been an involuntary victim for PPI claim with a huge credit card charges waiting for them.(read
entire article)
View : 88 Times
Category : Business
