Summary
If the Competition Commission has its way, the sale of Payment Protection Insurance alongside a loan will be banned. This article explains.

Goodbye to expensive Payment Protection Insurance

For years the banks and loan providers have raked in high profits by selling Payment Protection Insurance to clients whilst the clients were taking out loans. The problem has been that the insurance has not always been properly explained to the client so many have found that if they claim, there's some clause that rules their claim invalid. On other occasions, the bank has not made it clear that the insurance is optional or has not clearly spelt out the true cost of the insurance.
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