PPI, Payment Protection Insurance (You may also know it as Accident, Sickness and Unemployment cover (ASU), Life & Accident, Sickness and Unemployment cover, Mortgage Payment Protection Insurance, Personal Loan Protection or Credit Card Repayment Protection), has been sold over the past 20 years to cover credit card, loan or mortgage repayments in case of accident, sickness or unemployment. If you have or had a credit card, loan or mortgage then there is a good chance you were also sold a Payment Protection Insurance policy. A lot of lenders mis-sold these PPI policies and this entitles you to reclaim the PPI costs plus interest.
