A Quick Guide On Where To Go For Payment Protection Insurance
Payment protection insurance is offered by all of the major high street banks and lenders these days, largely because they noticed that it was a highly profitable product that few people ever claimed on. Of course, their deceitful sales techniques, as reported by a large number of consumers since 2005, helped to make payment protection insurance this way. But the resultant investigations into the payment protection insurance industry by the Financial Services Authority, the Office of Fair Trading and the referral to the Competition Commission can only serve to make it fairer for all consumers.
Since payment protection insurance was thrust into the spotlight, more independent providers are evident and numerous insurance companies have expanded their product range to incorporate payment protection insurance. They have all recognised payment protection insurance for what it is an extremely valuable product that can help to protect consumers from getting into major financial difficulties should they have a source of income stopped as a result of illness, injury or unemployment.
As a result,...