PPI was supposed for occasions when an individual was unable to work via unemployment or illness and therefore the insurance policy will pay out to the financial institution the prices of the loan. On the face of it, this all seems quite respectable. Nonetheless, insurers made the astonishing claim that the PPI was both obligatory or they bundled it into the price of the mortgage with out telling the customer. This was a gross misrepresentation of the details and the place the mis-promoting occurred.
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