Increasing the APR
The hundreds of complaints What Consumer receives each year about a well known credit provider all relate to the same thing. The hiking of interest rates to astronomical levels at the end of a low or 0% APR introductory period. Card providers are quite within their rights to make these increases, but will [...]
All Posts Tagged With: "Payment Protection Insurance"
Credit and Debit Cards, Part 2
More Bad Press for PPIs
Payment Protection Insurance (PPI) has received a good deal of bad press over the last few months due to reports of extortionate rates, unfair policy exclusions, and unscrupulous selling practices of credit and loan providers; see our Payment Protection Insurance guide. For consumers seeking peace of mind against the threat of financial hardship due to [...]
July 7th, 2008 | Catriona | 0 comments | Continued
Payment Protection Insurance (PPI)
What is Payment Protection Insurance?
Payment Protection Insurance, or PPI, is a policy which covers your monthly repayments in the event that you are unable to work due to accident, ill health or unemployment. It is usually taken out when applying for a mortgage, loan or credit card, although policies can be bought separately from insurers [...]
