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  • FIRST POST
    Hatster
    Warning - Privilege Car Insurance attempted rip-off
    • #1
    • 31st Dec 08, 2:04 PM
    Warning - Privilege Car Insurance attempted rip-off 31st Dec 08 at 2:04 PM
    Hi people,
    Want to warn anyone receiving a 'helpful' letter from Privilege Insurance that their car insurance will be renewed automatically about an unpleasant scam that Privilege are attempting to pull.
    On the covering letter, the insurance premium is given as a certain price, with the instruction 'you don't need to do a thing! your car insurance will be renewed automatically'. In the details of the policy, the 'total payable annual' is given as the same price advertised on the covering letter. But if you look at the small print below this, you see that in fact they are planning to charge you (without you needing to consent in any way other than not phoning them up to complain) an APR of 23.6% for monthly payments, and that they will actually take out around 15-40 more from your account than the 'total payable'. Not nice to charge 23.6%, at a time when a lot of people are counting every penny.
    We're certainly not going to use them again
    The Hatster
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