When you take out a loan, whether it be a personal loan or secured loan, you will be repaying it over a fixed term which can range from a couple of months to several years. But what happens if you cannot afford to repay part of your loan one month? Well what will happen will depend on the agreement you signed with your lender. Sometimes you will be able to simply pay it off at a later date, or you may find your regular payments (more…)

To be able to decide if you should take payment protection with your loan you need to fully understand what payment protection offers and how it works. You must then consider how appropriate this is to your personal circumstances. To do this the following article offers guidance to assistant you, however it is advisable to read every protection policy carefully as each will differ in the cover they offer and the exclusions they (more…)

Mortgage Payment Protection Insurance or MPPI for short is a product designed to pay your monthly mortgage repayment, if you are unable to do so. It is an insurance product designed to keep the roof over your head, during a period when your earned income ceases, due to accident, sickness or redundancy.

An illness or redundancy can strike at any time and without warning. By having an MPPI policy in place you have in (more…)

Payment Protection Insurance is an optional thing. It is not a condition of getting the loan. It is quite heavily promoted by Lenders because they earn quite well out of it.

Wrapping the PPI into the loan makes it more affordable on a monthly repayment basis, but it will probably wind up costing more over the term of the loan than buying a standalone PPI policy from an insurance broker. This is because the whole pol (more…)

Mortgage payment protection insurance (or MPPI) is an insurance product that can help you keep up with your monthly mortgage repayments in the event that you lose your income due to involuntary redundancy; recovery from an accident; or prolonged illness. This means that at an already stressful time, you will not have to worry how to keep your home safe from repossession.

You may think that you will never need to us (more…)