PPI or Payment Protection Insurance protects loan repayments if the borrower dies or is unable to repay the loan. Banks and credit card companies offer PPI policies. PPI claims can recover amounts already paid by borrowers under the terms of the policy. Solicitors can help settle PPI claims, including negotiating future costs and offsetting any refunds against remaining debts. Remaining balances from successful PPI claims are returned to the client.

2. PPI or Payment Protection Insurance is eventually referred as
insurance for credit, insurance for loan repayment and
insurance for credit protection. Such an insurance policy
comes in handy for various consumers who are empowered
to insure loan repayment in case the actual borrower dies.
Various banks or credit card selling agencies usually offer the
policies of such insurances. PPI claims can be initiated in case
anyone wishes to reclaim the amount that any borrower has
eventually paid. Interest charges can also be claimed under
certain terms and conditions of this policy.

3. In case it is found that any loan is still on the process of
repayment, an experienced solicitor would move to settle
negotiations including future costs also. It is even highly
essential to register interest rates of future cost involved in
the process, in order to eradicate any problem afterwards. In
case a borrower owes any amount of money during PPI
Claim, a solicitor would definitely strike on a contractual right
related to offsetting refund of PPI in lieu of the debt.
However, if any value of PPI is left over, the remaining balance
would go in favor of the client or the solicitor.