Is Payment Protection Insurance costing you £££££’s?

Credit cards and loans are often sold with Payment Protection Insurance (PPI).
PPI is usually very expensive
Many clients don’t realise they have been sold PPI with their loan.
We can check out your credit cards and loans for PPI and advise about suitability.

The Facts

CREDIT CARDS
“I didn’t know I was paying PPI”
Is there a PPI payment added to your card every month? Check your statement. PPI is one of the most expensive forms of insurance.

“I thought PPI was compulsory”
It’s a good idea to insure you risks, but credit card PPI is incredibly expensive. It is often sold without a full explanation. Clients have told me they thought they wouldn’t get a Credit Card unless they took out PPI. This is not true.

“I’m self-employed and was sold PPI”
In most cases, PPI is unlikely to pay out if you are self employed. You may be entitled to a refund.

Credit card concerns email or phone 0845 170 20 20

LOANS
“ I didn’t want PPI!”
One of my clients had 2 bank loans. He didn’t know he was paying PPI. I helped him get a rebate of nearly £3,000. He was convinced he had declined PPI in the first place!

“why was £2,000 added to my loan?”
A client recently asked me this. Lenders can add up all the PPI premiums you will pay over the term of A loan. They can add it as one lump sum to the loan. This means they get ALL the money in advance. Because its added to the loan you pay interest as well!! Its called Bulk Premium Payments, and its very expensive.

Loan concerns email or phone 0845 170 20 20