Payment Protection Insurance – the choice is yours

Payment Protection Insurance (PPI) is often sold by loan companies in conjunction with a secured loan, thus giving the consumer no opportunity to shop around for the best product.

That’s where Brilliant Loans are different. We believe that PPI is a good product for some borrowers but not for all, so we prefer to give you the option to consider the various PPI products available and to shop around for the one that’s right for you.

As we don’t sell Payment Protection Insurance ourselves, whether you take PPI or not makes no difference to whether you will get an online loan from Brilliant Loans.

So what is PPI?

Essentially Payment Protection Insurance is an insurance policy that can keep up loan payments if you have an accident, are sick or become unemployed, giving you peace of mind that you can maintain repayments on their secured loan and avoid getting into debt.

PPI undoubtedly has various advantages, not least the peace of mind that it offers borrowers. However, it’s important to remember that as it’s an insurance policy, you don’t have to buy it from your loan provider – and at Brilliant Loans, we firmly believe that the decision as to whether and where to take out PPI should be yours and yours alone.

Finding the best value PPI for you

With a host of PPI providers in the marketplace, finding the right Payment Protection Insurance can be both time-consuming and stressful.

Luckily Brilliant Loans’ friendly advisers are here to help. If you wish we can put you in touch with reputable providers, giving you the chance to consider the benefits of PPI and see how much it will cost you. Then you can rest secure in the knowledge that you’re dealing with suppliers who are well regarded in the payment protection insurance industry.

To sum up:

• Brilliant Loans do not sell PPI
• You are free to shop around for the best product
• Reputable providers available – recommended by Brilliant Loans
• Your choice of PPI – no obligation and no ties

Personal Payment Protection – Brilliant Loans can propose, but whether you say “I do” is up to you!