PPI Help

khiller1988

Hye i'm after some advice. I recently purchased a car on finance and took the PPI cover, my initial thoughts being because i have an existing loan of 250 ish as well as the car payments of 202, however afetr reading up on various different bits, i'm now massively confused as to how this would help in the long run. I live with my parents currently so don't have a mortgage. If I lost my job would the PPI cover me for the car finance? or would i still potentially need to give the car back and it would cover the difference?
Sorry if this sounds a bit thick, just not too sure if i've signed into this with a confused view?
Thanks,

Katie

amersall

If you became unemployed the ppi would cover for 12 months payments,after this,if you did not get a job you have to repay the remaining finance.

If you think you may have been mis sold this ppi.look here.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2
If any/all apply to you then put a claim in,you send it to the people who you got the car from.

opinions4u

The policy booklet should tell you what your PPI does / doesn't do.