PPI does not come cheap. As the table on our Home page shows, PPI premiums paid by CAB clients represent anything from 13 per cent to a staggering 56 per cent of the amount loaned. It is common for PPI on loan agreements to be paid for by a one off premium included in the loan itself and for interest to be charged on PPI permiums.
You get the picture - it is incredibly expensive and there is a likelihood that you have no need for it or will ever benefit from it. You may have been the victim of a hungry salesman. Do you want to do something about it?