New Online Help With PPI 3816762268780510832-blid-5077541959736176431

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People who wish to buy payment protection insurance (PPI) are now able to get advice from the website of the Financial Services Authority (FSA). The financial watchdog has created a set of tables to help consumers compare the policies on offer and their cost. The purpose of the payment protection insurance (PPI) is to insure people in case they find themselves in a position where cannot repay loans due to ill health or job loss, and has proved to be a controversial policy since its introduction. This month the Competition Commission said that insurance companies were overcharging their PPI customers by 1.4billion a year.