finance: avoid buying PPI
You are probably aware of the scandal surrounding mis-sold payment protection insurance (PPI).
PPI covers your car finance payments if you're unable to work because you become sick or unemployed. However, it's expensive, gives limited cover and isn't suitable for everyone. For example, if you're self-employed or on a contract, or you have a pre-existing illness, it probably won't pay out.
Today, you're unlikely to be offered PPI - and we strongly recommend against it if you are.
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