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Writing off PPI may be overly risky, reveals Paymentcare

Consumers who have opted not to purchase payment protection insurance (PPI) because of the recent ne...

Consumers who have opted not to purchase payment protection insurance (PPI) because of the recent negative press about failed claims for unemployment could face unnecessary risks, according to Paymentcare.co.uk.

The personal finance product has been widely criticised following a Competition Commission investigation, which revealed a number of poor practices among mainstream providers.

However, recent statistics from Paymentcare revealed that 40% of PPI claims in the past year have been filed for

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