Despite tight regulations by the FSA, Loan companies are still selling costly payment protection insurance to consumers. this product can be purchased independant of any loan at a far reduced cost, and without any conflict of interest. How can a loan company with insurance targets be trusted to sell an appropriate product to a consumer, when their is such temptation to steer them into buying a product that has the greatest financial gain for the commission based salesperson. Working within the industry I am aware of how inflated the premiums are, and how salespeople are still selling PPI in such a way that makes it hard for customers to say no.
iF YOU WANT TO ADD YOU NAME TO THE PETITION TO BAN THE SALE OF PPI , FOLLOW THIS LINK, IF NOTHING ELSE THIS PETITION WILL HELP RAISE THE PUBLICS AWARENESS OF HOW COSTLY IT IS TO TAKE PPI DIRECT FROM THE LOAN COMPANIES.
Petition to: Prohibit loan companies from selling payment protection insurance with credit agreements.
I URGE YOU TO SPREAD THE WORD