How The Growing Need For Payment Protection Could Impact You
Payment protection is anything but popular in the British financial press at the moment as a result of the ongoing row about poor value policies and the lack of protection that it actually offers. However, this bad press detracts from the fact that payment protection insurance (PPI) is extremely valid if individuals take it upon themselves to ensure that they are eligible for the benefits!
Payment protection is in demand at the moment, and to a greater extent than it ever has been before. There are a number of reasons behind this, but the main one is simply the fact that the level of debt in the UK has reached an all time high. The amount of credit offered to some individuals has made repayments within the limits of the majority of working individuals, but if they found themselves unable to work for whatever reason then the debts would overwhelm and consume some people, causing despair.
However, payment protection can actually prevent that from happening and ensure that debts stay within manageable limits. When individuals who are eligible to claim on payment protection have policies in force and...
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