The PPI industry
PPI - a multi-million pound a year industry...
Payment Protection Insurance is an insurance product that is designed to cover outstanding loan, overdraft, and credit card or store card debt that is currently outstanding. Payment Protection Insurance provides tax free 
money to the insured person covers payments.
The PPI industry is a large and profitable sector of the insurance industry as whole. There are over 10 million PPI policies running in the UK. The PPIindustry, as a sector, is a multi-million pound a year industry.
The PPI industry has grown on the back of the loan, credit card and store card industry because PPI is an effective way stop bills spiralling out of control at a time when money is tight. The PPI industry have realised that a good PPI policy is a method of avoiding the public use up their savings or getting into debt an unforeseen event.
Payment Protection Insurance is also known as:-
- PPI
- Credit Protection Insurance
- Loan Repayment Insurance
- ASU cover
- Mortgage payment protection insurance
- Loan payment protection insurance
- Credit card payment protection insurance.
- Short term income protection insurance
PPI covers the repayment of the payments in the following scenarios:-
- An accident
- An illness or sickness
- Periods of unemployment
- Death
Who are the companies in the PPI industry that sell payment protection insurance?
- Scottish Widows
- Arriva
- Scottish Equitable
- Bupa
- Friends Provident
- Scottish Provident
- Legal and General
- Liverpool Victoria
Who regulates the PPI industry?
The Financial Services Authority (FSA), however if you have a complaint about the handling of a claim is the Financial Ombudsman Service. The UK Insurance industry remains a crucial contributor to the UK economy after the public, banking and manufacturing industries. Well known names in the PPI industry including Alliance & Leicester, Egg, Capital One and HSBC, have all been fined millions of pounds each by the Financial Services Authority (FSA).
Frequently asked questions regarding missold PPI Insurance
- PPI Reclaiming Information Centre
- What is PPI - Payment Protection Insurance?
- Have you been missold PPI – Payment Protection Insurance?
- PPI reclaiming explained
- Why is PPI so often missold?
- Check to see if you have been missold PPI – Payment Protection Insurance
- How to reclaim missold PPI – Payment Protection Insurance?
- How much money can I reclaim from a missold PPI claim?
- Get your money back on missold PPI insurance
- Could you have been missold PPI and not even know about it?
- The PPI Industry explained
- Have you been a victim of PPI misselling?
- Can you change PPI provider?
- How to reclaim PPI
- How many years can you back to claim PPI?
- Complaining about missold PPI
- PPI and the Financial Ombudsman Service – FOS
- Financial Ombudsman Service – FOS – Complaint forms
- PPI Claims handling firms
- PPI Claims handling lawyers and solicitors
- PPI claims court process
- PPI claim back
- Mortgage PPI reclaim
- No Win No Fee PPI claims
- PPI refund
- Reclaim PPI
- Reclaiming PPI
- PPI claims
- Mis-Sold PPI
- Reclaim PPI Charges
- Payment Protection Insurance refund
- Claim back PPI
- PPI compensation
- PPI mis-selling
- Reclaim PPI insurance
- How to reclaim PPI
- Fees and Terms of PPI reclaim service of UK Finance Online Limited
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]