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In 2005 the Office of Fair Trading received a super complaint from the Citizens Advice Bureau. This sparked a huge investigation into the payment protection insurance (PPI) sector, which resulted in several firms receiving fines for not putting the c...
Not understanding loan payment protection is the number one fault associated with mis-selling. Providing cover is suitable then taking out a policy to cover your loan repayments can save you from getting into debt and give you peace of mind and the s...
The terms and conditions that come with loan payment insurance do differ, which means that when comparing quotes you also have to compare the key facts. The key facts detail the exclusions in a policy and there are some that are seen on a regular bas...
Despite recommendations set out by the Financial Services Authority (FSA) for changes in the payment protection sector, there are still many shortcomings that need to be dealt with. The FSA and Competition Commission are still investigating the secto...
While you should certainly consider taking out loan payment protection insurance, because it can be a valuable asset, be careful to avoid taking out a policy with the same company that provides your loan. Sometimes high street lenders add on the prot...
Loan protection insurance has seen many problems, which has led the Financial Services Authority to set out recommendations to improve communication and selling in the sector. Some changes have already been put in place as a result of the recommendat...
To get the cheapest premiums and a quality policy you understand you need to shop around for loan protection cover. When taking out a loan the majority of lenders will offer loan protection cover alongside the money you are borrowing. However, very o...
If you were to suddenly find yourself without an income, due to losing your job or being unable to work for health reasons, your lifestyle could change drastically. If you have monthly mortgage repayments to make you would still have to continue meet...
Those who have loan or credit card debts or a mortgage with repayments to make each month should give some thought as to how they would continue to make these payments if they were to lose their income. While you may turn to savings if an illness or ...
Income protection insurance can be a valuable product if you have mortgage repayments or credit card or loan repayments to meet each month. No one knows what is around the corner and if you should become unemployed or have an accident or illness then...
Providing you take the time to read the terms and conditions that come with a policy then loan cover can be a valuable asset. It is only when the consumer is ignorant of the exclusions and buys cover that has not been explained fully that problems oc...
Mis-selling of loan protection has occurred in the past and one of the biggest factors that contributed to this is poor information given when the policy was sold. The main culprits have been high street lenders that have poor selling techniques, wit...
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