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It was sold too widely among consumers, many of whom didnt really need it. It was also often poor value, with the PPI-seller taking unfair amounts of commission for the sale.
However, many reports have emerged in the literature exposing the potential association of PPIs with various risks and complications such as bone fracture, infection, myocardial infarction, renal disease, and dementia.
Youll need to contact the official receiver before you complain about PPI - you can find your official receivers contact details on GOV.UK. Its free to make a complaint - you dont need a company to complain for you. You might have to pay the company a fee, even if you cant keep the refund.
What is a Rejected PPI Claim? The lenders selling the PPI were receiving a commission in most circumstances which was not only hidden and kept secret from you but also could be considered to be extortionately high and therefore created an unfair relationship.
Or try an over-the-counter H2 blocker, such as famotidine (Pepcid AC) or ranitidine (Zantac 75). They tend to cause fewer side effects and are typically cheaper than PPIs. This generic is available without a prescription and is our top pick.
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Payment protection insurance (PPI) is a form of income protection that covers monthly loan or debt repayments if youre unable to work due to sickness, an accident or involuntary unemployment.
Recent studies, however, have cited dangers thought to be associated with the long-term use of PPIs. Among them: an increased risk of kidney disease, osteoporosis, low magnesium or vitamin B12 in the blood, pneumonia, stroke, and contracting the Clostridium difficile (C. diff) bacterium.

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