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 Posted: Tue Oct 02, 2007 9:09 am Post subject: What's PPI? |
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Hey! What's PPI? I have come across this term very recently. I'll appreciate if someone can help me with it. TimkJones
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TimKJones
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| Posted: Tue Oct 02, 2007 9:41 am Post subject: |
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Many terms can be abbreviated as PPI. Therefore, you need to be little more explicit with your post. 
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Cynthia
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| Posted: Tue Oct 02, 2007 9:50 am Post subject: Payment Protection Insurance.......I guess |
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Hi Cynthia, I think Tim wants to know about Payment Protection Insurance. Well, PPI or Payment Protection Insurance protects your loan repayments in case you miss out any installment due to loss of job, illness or any other reason. If you have taken out mortgage loan or credit card loan, PPI will help to keep your loan repayment schedule update. It saves your credit report from showing the late payments which may affect your credit score in the long run.
Tim, do correct me if I have got you wrong.
Regards,
InsAmi
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InsAmi
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| Posted: Tue Oct 02, 2007 10:09 am Post subject: |
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| Tim you couldn't have got the 'twisted' up, and meant P.I.P. could you? Please let us know too in what context you have heard or saw this. Some people I have heard refer to PPI as 'personal property insurance' . |
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Lori
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| Posted: Tue Oct 02, 2007 3:29 pm Post subject: |
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PPI (Payment Protection Insurance) usually is automatically added to the overall cost of a personal loan.
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MichaelS
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| Posted: Sun Dec 16, 2007 5:28 am Post subject: |
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Payment Protection Insurance, abbreviated as PPI, is a kind of insurance that allows someone to pay certain debts when they lose income. It kicks in if they can't work because of illness, injury or unemployment.
Basically, it covers repayments that the borrower can't afford if he can't work.
It's offered alongside credit cards, loans or mortgages. The lender may make it sound like you must take it, but it is purely optional.
It's also known by the name Credit Insurance.
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Quenlin
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| Posted: Fri Sep 05, 2008 3:39 am Post subject: tips about PPI |
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- PPI(Productive Price Indexes), which indicate the price-change within different steps during the production process as a whole, which is also show the price level about production process, be different from CPI which show the price level about consume process.... just for your reference..
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tonysky:)
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| Posted: Wed Apr 15, 2009 10:46 am Post subject: ppi |
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| is this included on homeowners policies /umbrella or by mortgage provider |
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leebee
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| Posted: Fri May 01, 2009 12:49 pm Post subject: |
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Whether it is anyway related to the insurance?? There are plenty of meanings related to the PPI
Here are some of them:Producer Price Index
Pixels per inch
But i found this is more related to the insurance
Payment protection insurance .
Thanks. Keep in touch |
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sheetal
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| Posted: Tue May 05, 2009 1:41 pm Post subject: |
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| well. there are several related terms of PPi acutally. most of us known are Payment protection insurance . and 'personal property insurance'. is that your mentioned term belong to this two? |
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tohawk
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| Posted: Tue May 05, 2009 7:01 pm Post subject: |
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Yes there are so many terms that might be related to PPI, but in the insurance sector it is more widely used as Payment Protection Insurance.
These policies are to give you a cover on most kinds of personal debts such as Personal loan, credit card payments, other mortgages....
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gnp
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| Posted: Tue Nov 17, 2009 9:43 pm Post subject: |
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lol, so many ppi's!
MichaelS: Payment Protection Insurance is not mandatory on all loans or mortgages - if you have sufficent equity and debt servicing abaility you can probably avoid this.
On a long term debt like a mortgage though it can be a very good idea to get it - but shop around. The PPI (or MPI - Mortgage Protection Insurance) provided by most banks or lenders is inflated in premium as they cash in on convenience. Look around at some other providers.
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