Thx for confirming that the fee has been reflected in the principal. Can you confirm which of the PP Pricing categories the loan is in, so that I can work out what fees Harmoney have deducted?
"Payment Protection" seems to be a misleading description. I wonder if they will use it on their advertising.
I agree with Darchie about PP not offering much. It seems to have it's costs/benefits around the wrong way - if the lender repays correctly I'll get paid more than normal, if they have some problem I agree to be paid less. If normal insurance was involved I would expect to receive slightly less if the loan was repaid normally, and to receive a payout if the loan got into trouble.
It's good that Harmoney have provided this sort of thing, for those that want it, and they do a lot of stuff better than others, but at the same time they seem to shoot themselves in the foot with bad communications and strange features.