Sales pessimism claims are 'way off the mark'
Bad economic news has driven sales of payment protection insurance (PPI) up by 146% over the last quarter. The figure from Paymentcare has led the PPI provider to believe claims that the Competition Commission's recent proposal to ban point-of-sale PPI will result in huge numbers of borrowers going without protection are "way off the mark." The company said it has seen those who had considered the idea of PPI when they took out their loans but decided the cost of their lender's own protection too high revisiting the product. Paymentcare managing director Shane Craig, said: "Our experien...
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