PPI stands for Payment Protection Insurance. Many people were sold this insurance when they took out loans or mortgages over the past 10 years. Some people needed this insurance and would have benefited from having it should they have lost their source of income. PPI policies are designed to make sure that loan repayments continue should the person who take out a loan of lose their job. However, unfortunately many PPI policies were sold to people who did not need them or could never benefit from them. In addition, some people who could have benefited from these policies, but...