Much like Capital One PPI on a loan, you are sold insurance cover that is supposed to make repayments for you if you are unable to do so due to redundancy, illness or injury. However, very few people are ever eligible for cover due to the extreme amount of exclusions and realise they have been mis sold payment protection insurance for credit cards. The main difference between credit card cover and loan cover is in how the premiums are charged. Loans carry a single premium when the loan is agreed and credit cards are charged a premium every month on the unpaid balance. In either case, if you were mis sold cover it is your right to claim it back with Capital One PPI Claims.
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