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Credit Card Payment Protection
user051105
Posts: 652 Forumite
I am in a stable job, (hopefully Royal Mail). Is paying £27 a month in payment protection on my £3000 credit card bill worth the expense. At the moment I can afford to make payments of £125 a month but £67 of this is PPI and interest. So without ppi I would be paying more of the debt each month.
Any suggestions.
Any suggestions.
Debt Free Wannabee - Updated 13/08/2007
Barclaycard - [strike]£3002[/strike] now £1712 Mortgage - £84,393 - Paid in 340 months time.
Barclaycard - [strike]£3002[/strike] now £1712 Mortgage - £84,393 - Paid in 340 months time.
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Comments
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You have answered your own question.
A lot of PPI are not worth the paper they are written on - so I would cancel it.I am a debt counsellor working in the voluntary sector - we don't charge our clients for the work we do!0 -
I would say no it is not worth it.
Take a look in the CC board/loans there are loads of threads relating to PPI.MFWB
Mortgage when started: £232,000
Current mortgage Sept 2024: £232,000
Mortgage free day: Sept 2029
Saving: £12k 20250
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