What Is PPI and How Can I Reclaim PPI? 3816762268780510832-blid-1298401897424613276

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PPI is the talk of the United Kingdom. With disputes raging between the banks and financial services industry and the Financial Services Authority (FSA) about payment protection plan claims, PPI is in the news almost every day. So what exactly is PPI? Well, payment protection insurance plans are offered by an insurance company to consumers with loan products like mortgages, car loans, and credit cards. The purpose of PPI policies is to insure against missing payments on a loan or credit line if the borrower can't make them because of an accident, illness, or unemployment.