August 24, 2010
With the economy the way it’s been lately, a lot of us have had to tighten our belts a little in order to help make ends meet. Our budgets are more about the bare necessities, as opposed to all the luxuries we may have been used to at one time, and one of the first things a lot of us have cut out of our lives as a result is travel. Airline tickets, hotel stays, and car rentals can really become expensive and so more and more of us are visiting family less and taking fewer vacations in favor of saving for a rainy day or keeping up to date on our bills.
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August 19, 2010
Payment protection insurance is a form of insurance that has been sold alongside loans in the UK for over 10 years. The concept is simple, you take out a loan and the insurance policy makes your payments if you lose your job or become ill and have to take time off due to illness. It is thought that there are up to 20million policies in the UK alone. The problem is that banks have sold these policies to customers when it was not in their best interests, either by selling policies that exclude them for various reasons including employment status, pre-existing medical conditions, not fully explaining the costs of the policies and even adding the policies onto customers’ loans without the customer asking for them. When this happens the customer has been mis sold ppi.
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