Jargon Buster - P
Payment protection insurance (PPI)
An insurance policy to help you keep up your loan repayments, for example on a loan or credit card, in the event you can't work because of redundancy, accident or illness.
Priority debts
Debts that should be paid first, to stop you potentially losing your home or getting a criminal record. These include rent, mortgage and any secured loans; gas, electricity and water bills; child maintenance; and council tax
