The Scandal of Payment Protection Mis-Selling
With premiums netting a lender up to 90% profit it is little wonder that across the globe each year millions of Payment protection policies are pressed onto unsuspecting borrowers. The range of cover went from home protection and car cover, through education and onto any loan for any purpose. The way the selling was set up meant that at every turn each part of the loan procurement industry was incentivised to get the product sold at all costs.
