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To those who cancelled their PPI....
Laurenbelle
Posts: 225 Forumite
in Loans
I was curious to see how many of those that cancelled the insurance on their loan actually took another insurance out elsewhere to cover their loan...
Those who cancelled PPI on their loan.... 4 votes
Yes i took out payment protection elsewhere to cover loan.
0%
0 votes
No i have not take out payment protection elsewhere to cover loan.
100%
4 votes
0
Comments
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Dont think you would get many responders but I would guess that less than 10% took out new cover else where after canceling their PPI.
PPI is being portrayed as a waste of time and money and a big nasty monster you are better off without.... whilst I do not take out PPI for my credit products I do not think this is true at all... in my personal circumstances it is simply not cost effective.All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
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I doubt it, people seem to be bothered by the cost of it, but then when the crunch came down to it and needed to claim, they could not0
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Thank you! I didn't think i would get replies. It makes me think that people are really most of the time only looking for the cheap option and aren't always responsible. Its true what they say - 100% of people who have claimed on the repayment cover are glad they had it!
This kinda just confirmed my suspisions.
Thank you again!0
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