PPI claims- A balancing act between lending and repayment

Though, this is good for both lender and borrower

, but it can go wrong if it is imposed on the borrower without taking him/her in to confidence. If the borrower is not told about the PPI policy before clubbing its payments with the loan installments and also, if the lender did not mention to the borrower that this policy is optional then this is a clear case of mis-sold PPI. In this scenario, borrower can always follow the demand for PPI compensation claims. It is borrower's right to claim back the money spent on PPI policy after successfully writing off all the dues.

PPI claims- A balancing act between lending and repayment

By: Amelie Eve

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