Whoopy!! The latest figures from the Office for National Statistics (ONS) show a halt in the rise of unemployment and early calculations show the recession is over after the economy grew in the 4th quarter of ‘09. This is yet to be confirmed and a more in-depth assessment will release figures this month and next to solidify the economic growth.

Despite this good news, more and more people are cancelling all non-essentials to try and prepare in case they lose their job. Top of the list of money-saving cuts are insurance products, in particular payment protection insurance (PPI). No doubt the countless PPI compensation claims has contributed to the cancelling of policies but those who do axe correctly sold cover are leaving themselves wide-open to greater problems.

Related posts:

1. Mis Sold PPI Claims Have Changed The Marketplace Irrevocably Knowing whether to take out a Payment Protection Insuarance (PPI)...
2. PPI Claims At All Time High? It’s No Wonder… You’d think that selling costly and complex financial products to...
3. PPI Refunds And Bank Charges Top The Claims List When the Financial Ombudsman Service (FOS) released its claims figures...
4. Mis sold PPI Payout Costs In The Billions Yesterday we posted about the self regulation of the banks...
5. PPI Compensation Levy Just A Drop In The Ocean For Banks When it comes to making the banks pay, no one...