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Aye, probably some of that but my understanding was it’s mainly because people who worked and had full sick pay, critical illness etc. we’re sold the insurance on the basis they couldn’t pay the loan back if they went off ill, when effectively they could.My understanding is one of the methods of bumping up the PPI payment is stating that it’s compulsory or highly recommended if the applicant had a poor credit rating. It’s why some folk agreed to PPI at nearly the same monthly fee as the loan repayment.
So why did you bother posting.Never had a loan.
I agree, Epps. If anything had extra payments on top of the interest, I binned it. I'm now sitting here having paid thousands less out over the years and the idiots who have got £200 back are giving it the big one...who has had the biggest payout.
Dates closing in and ive just put one in after friends told me they got 18k paid out
I knew they were daft with money and that proved it
This for me tooNever had a loan.
I agree, Epps. If anything had extra payments on top of the interest, I binned it. I'm now sitting here having paid thousands less out over the years and the idiots who have got £200 back are giving it the big one...
Laughing my tits off mate, funny as fuck.I was once offered payment protection insurance to underwrite the ability to spell the names of southern states of the USA.
It was called M-I-S-S-I-S-S-I PPI