Loan sharks are preying on the poor whilst being protected by the government. In 1987 BBCs Panorama investigated loan sharking. Tony Blair, then city spokesman for the Labour Party, told the programme: You need some measure of control and regulation to ensure that the unscrupulous arent lending...
Following a complaint made by Citizens Advice in 2005, claiming that aspects of the payment protection insurance (PPI) market were severely harming the interests of consumers, a report has been published by the Office of Fair Trading.
Payment protection insurance is designed to safeguard...
Loan Protection Still Under Scrutiny With Over 4,000 Payment Protection Policies In 2007 Being Investigated
The headline is correct. Even though guidelines have been set out by the Financial Services Authority (FSA) since it began investigating the sector in 2005, the mis-selling of...
Loan protection insurance came under fire in 2005 when the Financial Services Authority began an investigation into the sector following a super complaint made to the Office of Fair Trading by the Citizens Advice. It was revealed that many changes needed to be made to the way the product was...
Loan Protection Insurance Is Still Worthwhile Considering Despite The Bad Publicity
Despite the bad publicity surrounding loan protection insurance it is still worthwhile considering whether a policy would be in your best interests. The cover has come under fire but it is not the actual...
Loan Protection Insurance Can Help To Keep You Debt Free If You Should Lose Your Income
If you have loan repayments to make each month and worry how you would continue to repay them if you should suddenly lose your income through having time off work due to accident, sickness or becoming...
If you have heard some of the recent reports regarding loan protection insurance industry then you could be left asking yourself is loan protection insurance a necessity or is it nothing but a big rip-off?
There have been widespread investigations into the payment protection sector with...
Loan Protection Can Work If You Take The Time To Understand A Policy
Loan protection, or ASU insurance as it is also known, can be taken out by those who have monthly loan repayments to make and who are in full time employment and worry that they might find themselves out of work due to...
Loan Payment Protection Insurance Still Under Investigation By The Fsa
Loan payment protection insurance can give you an income with which to continue meeting your monthly loan repayments each month if you were to find yourself out of work due to suffering from an accident, long term...
Despite the fact that the Financial Services Authority (FSA) investigated the payment protection insurance (PPI) sector and set out guidelines which those selling the cover were to follow, over 4,000 cases of mis-selling are being investigated in 2007. While this fact alone is bad enough, the...
Loan Payment Protection Insurance Needs Careful Consideration If It Is To Work
Loan payment protection insurance can do the job its intended to do and it can do it well providing you have first ensured your circumstances are suitable for a policy before you take it out. You have to...
Loan payment protection insurance has never been more relevant to society than it is at the moment. It is a fact that the UKs population as a whole has never been more indebted than it is right now. More and more individuals are accumulating debt as a direct result of spending beyond their means...