Payment protection insurance

From today's FT:

Consumers should look to independent brokers before buying payment protection insurance from a high street lender, says Moneyfacts, the financial data provider.

PPI covers debt repayments on mortgages, loans and credit cards if the holder loses their job or is too ill to work.

Debt campaigners say the insurance is often mis-sold, denies purchasers the ability to claim or is costly.

The survey found a difference of Pounds 711.36 between different lenders' charges for PPI on a Pounds 5,000, three-year loan. At HSBC, the insurance cost Pounds 1,020.24, but at Paymentcare, an independent broker, Pounds 308.88.

Some lenders offering low-interest loans have come to rely on PPI revenues. Analysts have warned investors that financial services

Putrid poetry, dismal doggerel, extrava-stanzas...

formatting link

Reply to
Tiddy Ogg
Loading thread data ...

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.