Payment Protection Insurance from Insurance Central

Payment Protection Insurance from Insurance Central
A comprehensive Payment Protection Insurance directory for all your PPI needs.
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   If I Terminate a Loan Would I Still Have to Pay PPI?

If I Terminate a Loan Would I still have to Pay PPI?

Sometimes you may owe money for the payment protection insurance you bought to cover a loan even if you happen repay the loan early.

An example of this would apply if you take out a loan to pay for payment protection insurance at the same time as taking out a hire purchase agreement or loan to buy a car.

If you terminate the hire purchase agreement early for the car, you may find you still owe money on the payment protection insurance.

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