Let’s talk Alternatives. Alternatives are great, they give us options, choice, extras and the chance of a saving. As you may have noticed, Alternatives have been a little thin on the ground lately in the PPI industry, a real rare breed. Some say even driven to extiction at the hands of greedy bonus hunters who mis-sold PPI one too many times. But now, thanks to tireless work by those selfless sorts at the OFT and FSA, real Alternatives are being re-introduced into the PPI industry.

Story-telling aside, you’ve always had options when it comes to PPI, the competition commission make sure of that, but the lenders often pushed their cover at the point of loan agreement. Pressure selling and convenience forced a lot of customers to sign up with their lenders policy which led to independent insurers losing out and reducing in number. Now though thankfully there are an increasing number of policies to choose from and later on this year: lenders will be made to wait 7-14 days before trying to sell you PPI. So you’ll have plenty of time to look into all the options available in the market place and choose the best cover for you.

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2. PPI Claims Reduced By Tighter Regulations
3. Mis-sold PPI, Mis-sold Endowments, Unfair Bank Charges – What A Decade
4. PPI Claim Figures Make For Scary Reading
5. Despite The Mis-sold PPI Shame, The Industry Is Picking Up