Sold PPI the wrong way? – Here’s what you can do to reclaim
As a credit consumer, one of your worries about your debt is how you will keep up with your dues when you happen to encounter an accident, a prolonged illness, or redundancy at work that makes you unable to have enough money. When Payment Protection Insurance was introduced to the financial services industry, you felt you finally had a viable option to protect your account from getting in arrears. It was designed to cover a portion of your repayment dues when such horrible situations come in, and usually takes over the repayment for a year or until you are able to get back into paying them yourself, whichever comes sooner. Unfortunately, along with the introduction of the add-on service, came a number of ways for bank to wrongly sign up their borrowers to it. Some were clueless that they had it together with their credit card, loan, or mortgage. TheyRead More →