If
I Terminate a Loan Would I still have to Pay PPI?
Sometimes
you may owe money for the payment protection insurance you
bought to cover a loan even if you happen repay the loan early.
An
example of this would apply if you take out a loan to pay
for payment protection insurance at the same time as taking
out a hire purchase agreement or loan to buy a car.
If
you terminate the hire purchase agreement early for the car,
you may find you still owe money on the payment protection
insurance.
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