You may know someone who is “making a Mortgage payment protection insurance or PPI claim”, or you may be making one yourself and tell someone else about it. But what does this statement really mean in plain English? What would you say in response to someone who asks you “Can you explain that to me, I don’t know anything about that?” You would have to think carefully before replying, because this seemingly concise sentence is in actual fact open to ambiguity and misinterpretation. Well, most people in the UK probably know that PPI stands for Payment Protection Insurance, although, just to confuse things further, in America the PPI is a measure of inflation, namely the Producer Prices Index.
Read more on Mortgage Payment Protection Insurance Claims in a Nutshell…