re: payment protection on credit cards and loans

LUGGAGE_3

Hi all,

This is my first post and I do apologise if this question has been posted before.
I have 2 credit cards and 1 loan that I have payment protection on.
The question is can I take any other form of payment protection that would cover all 3 and be cheaper? At the moment on the 2 credit cards alone I seem to be paying around £60 per month.

I would appreciate any ideas, I think this site is great as I have already taken some of the ideas from the forums to cut down my expenditures.

Thanks
Luggage

sicker

I have never taken ppi as I believe it is a total waste of money. If you feel secure enough without it I would cancel it and put the savings to paying off your debt quicker. Others may differ.

John

Jess1983

Hi Luggage,

most payment protection insurances only cover the one particular card as the advantage of PPP/PPI is that you only pay for what you spend.
However, I believe some banks offer an all over insurance.

Alternatively, if you believe in protecting your money, just in case something goes wrong, it might be worth to look into income protection instead of actual payment protection.


Hope this helps.


J