PPI Wise - What is PPI?

What is PPI?

PPI policies were sold alongside a variety of credit including loans, credit cards, mortgages, car finance and store/catalogue cards - often without the customer's knowledge.

Payment Protection Insurance is a type of insurance designed to cover repayments on loans and credit cards in the event of an accident, sickness or unemployment. Often PPI was sold with a financial product without the customer's knowledge. PPI was designed to cover repayments in the event of sickness, injury or unemployment. However, PPI was mis-sold for various reasons:

  • Consumers never asked for PPI
  • Consumers did not want PPI
  • Consumers did not know they were paying for PPI
  • Some consumers did not need PPI
  • Among other reasons...

Do you have PPI?

Enter your name to start your FREE PPI Check