PPI, or Payment Protection Insurance, was invented to
protect the borrowers in finance deals whose
circumstances have changed and they are no longer in
a position to make repayments.
These circumstances
could be, for example, loss of income due to...
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PPI, or Payment Protection Insurance, was invented to
protect the borrowers in finance deals whose
circumstances have changed and they are no longer in
a position to make repayments.
These circumstances
could be, for example, loss of income due to
redundancy, illness or an accident.
PPI will then take
care of a fixed number of repayments for you.
This sort
of insurance is sold grouped with various kinds of
financial deals from secured loans, unsecured loans to
transactions involving store cards and credit cards.
ppi
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