Credit Card payment Insurence

bongo1

Hi
I have recentley beeen trying to pay my cards off. Going through all my statements I'm paying quite a bit a month in insurence, is worth cancelling the insurenceand pay the extra on my cards ??.........
Kev

RedDino308

Hi,

I'm no expert in this but the general consensus seems to be the PPI is really not worth the money because of the amount it costs and how many restrictions there are to it paying out.

My suggestion would be to read through the small print and make an educated choice as to whether you need it. If you definitely don't then pay the extra on your cards.

I'm sure more people will be along to add to this.

RD308

bongo1

Thanks for the quick reply ...... I only really starting to notice how much qiucker I could pay them off if I cancelled it... I was recentley self employed and run out of work. I rang the insurence peple up and bascially they said there was nothing they could do..... SO I'm thinking sod it I dont need it anyway!!.....I was just checking its the right thing to do before I cancel all of them..