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PPi cancelling within 14 days

When applying for a loan, I know the credit score dictates whether you are accepted but would your chances of being accepted be better if you apply for the loan with PPi and then cancelling the PPi within 14 days.

Its just with unsecured loans of say £5000 for 5 years, ive read stories that people were initially accepted with PPi and then when the quote/check was re-done without it, the computer said no?

Cheers

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