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They have hired a barrister to fight their case and many PPI claims companies are in agreement with them. This is because a lot of people are not even aware that they have been previously sold PPI. The figures suggest that only one in five PPI complaints made so far. What was touted as cheap PPI turned out to be an expensive con.
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ABOUT PPI (Payment Protection Insurance) was intended to cover credit repayments, such as loans, credit cards and even mortgages, if you were unable to work due to illness or redundancy. The promise was that if you lost your job, fell ill, or unexpectedly ended up in a situation which meant you were not earning money any more, the insurance would cover your repayments.
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