According to a recent survey by MoneySupermarket.com, a quarter of the those that have it would consider cancelling their Loan Payment Protection Insurance (PPI). Plus, 6% would cancel Mortgage Payment Protection Insurance (MPPI).

These figures suggest that UK banking consumers are realising the unfair tactics that were used to sell PPI and in some cases, the uselessness of it.

Obviously, the decision to cancel an insurance should be thought about at great length but it’s fair to csay that those who have already made PPI claims for mis-selling have already decided on the value of Payment Protection Insurance

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