Just a quick one!

Annie_Fanny

What is PPI? And now I'm thinking about it - what is the PIN money challenge? Does this site have an abbreviations list!!!!

calleyw

Annie_Fanny wrote:

What is PPI? And now I'm thinking about it - what is the PIN money challenge? Does this site have an abbreviations list!!!!

PPI=payment protection insurance which I believe is suppose to pay out when you loose your job. But in reality is about as much use as a chocolate fire guard.

For info on the pin money challenge look here

Hope that helps.


Yours

Calley

keith_lard

calleyw wrote:

PPI=payment protection insurance which I believe is suppose to pay out when you loose your job. But in reality is about as much use as a chocolate fire guard.

I lost my Job and found that out the hard way!

I could not belive what I had to go through to get them Pay my mortgage!

Have learned my lesson with that rubbish!

K.

Annie_Fanny

I never ever took up payment protection insurance because I always thought I couldn't afford it!! Maybe I should look into for my partner - is it a total rip off?

crossleydd42

.....and what is lol, which I always took to mean 'lots of love', but doesn't seem to apply in this context!

wigginsmum

LOL = laughs out loud.

Jules

ivyleaf

When I went sick a few years ago and was off for 7 months, I had a credit card, a loan and a storecard and I'm very glad to say the PPI paid out on all three of them! I was very lucky, as I was on full pay for the first 6 months anyway so I carried on making the payments myself, only applying to use the PPI when I went down to half-pay. To my surprise the finance companies paid right back to the month I went sick, so all three debts were paid off much more quickly than they would have been.

After I went back to work I got a Capital One card (that was after MBNA, whose card I had, wrote and told me they were increasing my interest rate to 21% - presumably because they weren't making enough money out of me!). The Capital One card was at a far lower rate of interest, but I couldn't use the PPI when I relapsed, as I was ill with a pre-existing condition, so I rang them and they cancelled the PPI at once.

It was certainly a Godsend the first time I was ill, though - so it is sometimes worth paying for it. My brother had a lot of difficulty claiming on his last year though - the insurers even sent doctors round to his house to check he was really unable to work! :mad:

ivyleaf :xmassmile