Payment Protection Insurance
- Better known as PPI, this was intended to help customers cover the cost of their repayments on finances if they became unemployed or were unable to work due to sickness. It was often added to customers finances without their knowledge or the policies did not actually cover them. Have you ever had any credit cards, store cards, loans, catalogues, overdrafts or mortgages?
Packaged Bank Accounts
- These are bank accounts that you pay a monthly fee for. You often receive benefits such as mobile phone insurance, travel insurance and car breakdown cover. Unfortunately, the banks don’t always check that you would be eligible for the additional benefits or they entice you to open a fee-paying account by offering better rates on loans or insinuating you will get a bigger overdraft. Have you ever paid a fee for your bank account?