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Payment Protection Scam
HI all
I thought this may help.
talking to Northern Rock today with a friend about the possibility of a loan and they were very insistant on my friend taking payment protection at over £80 a month.
I questioned this and the operator went into read it off the screen mode "as a repsonsible lender etc etc"
I questioned again if my friend had to take this and I couldnt get a straight answer.
So I said we would look elesewhere and the operator agreed to do the lon with the PP.
The to my surprise - we can sell you another PP policy for £20 a month - would you want this insted of the £80
Thats £720 a year difference.
I know we get get ASU much mcuh cheaper.
Beware - they may be very cheap on loans but the PP is bacially a scam.
Gibby
I thought this may help.
talking to Northern Rock today with a friend about the possibility of a loan and they were very insistant on my friend taking payment protection at over £80 a month.
I questioned this and the operator went into read it off the screen mode "as a repsonsible lender etc etc"
I questioned again if my friend had to take this and I couldnt get a straight answer.
So I said we would look elesewhere and the operator agreed to do the lon with the PP.
The to my surprise - we can sell you another PP policy for £20 a month - would you want this insted of the £80
Thats £720 a year difference.
I know we get get ASU much mcuh cheaper.
Beware - they may be very cheap on loans but the PP is bacially a scam.
Gibby
never take advice from broke or unsuccessful people
Jim Rohn
Jim Rohn
0
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