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ppi
sanova76
Posts: 293
Forumite
in Credit cards
Hi,
not sure if I post in the right thread. I've some stupid questions about ppi.
I have recently been made redundant and from what I can understand my credit card ppi covers 10% of outstanding payments/balance. I rarely use my card and always pay in full every month. If my balance is 0 will they still charge me something every month (the ppi)?
If my balance is for example £500, they will pay £50 for me every month for the next 12 months max?
many thanks.
San
not sure if I post in the right thread. I've some stupid questions about ppi.
I have recently been made redundant and from what I can understand my credit card ppi covers 10% of outstanding payments/balance. I rarely use my card and always pay in full every month. If my balance is 0 will they still charge me something every month (the ppi)?
If my balance is for example £500, they will pay £50 for me every month for the next 12 months max?
many thanks.
San
0
Comments
-
PPI is charged on the balance, so no balance means no PPI.0
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