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  • 2). Loan cover – watch out for Payment Protection Sharks  By : Michael Challiner
    The Financial Services Authority (FSA) has been investigating the way Payment Protection Insurance is being sold by loan providers which include some of the UK's biggest banks and building societies. And it's big business. Sales of PPI as it's called, earn lenders more than £1billion a year. PPI is designed to protect borrowers by paying monthly loan repayment in the event that the borrower becomes unemployed or unable to work though accident or illness.
    Article Related to: shark, loans, premium, protection



 


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