What is PPI?

Payment Protection Insurance (PPI) is designed to cover the repayments of any credit in the event of an:

• Accident
• Sickness
• Unemployment
• Death

This cover can be taken out on:

• Loans
• Credit cards / Store card
• Mortgages
• Finance on a car

PPI produces over £5 billion worth of premiums for lenders every year. However in the last eight years borrowers like you have potentially been mis-sold the policy.