|
|
| Sitemap • Directory • |
|
| |
- Payment Protection Insurance - |
|
|
| |
Payment protection insurance can be arranged either as part of a loan agreement or credit card or through an independent insurer. If arranged directly through the lender, with a loan, it is usually in the form of a set monthly fee, and with a credit card it is more often a percentage of the amount owed (which can therefore be zero). The idea is that if the borrower becomes unable to earn for a given period (often 30 days), the minimum or monthly repayments will be made by the insurer. Each policy will be different, and will cover different reasons for inability to work; most will not cover voluntary redundancy or being dismissed for disciplinary reasons, for example.
|
|
|
Use our layman jargon buster to decipher other key industry terminology.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
|
|
|
| |
| |
| Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on your mortgage or any other debt secured on it. Loans secured on your home. |
| |
 |
 |
 |
 |
|
 |
|
 |
|
Licensed credit broker authorised by the Office of Fair Trading. Registered members of CFB, FISA, FSA, Data Protection Act 1984 |
|
 |
| Processing by LL Processing (UK) LTD, Intec 4, Wade Road, Basingstoke RG24 8NE |
© 2007 LoanLine - Payment Protection Insurance |
|
About Us 
