PPI rarely provides adequate cover
“Onerous clauses” on payment protection insurance (PPI) mean that borrowers unable to pay back their loans rarely receive an insurance payout, a finance expert has claimed.David Kuo, director of Motley Fool, said consumers are being duped into believing PPI will cover them if they have legitimate reasons for failing to make loan repayments.“Borrowers think, ‘Oh, [...]
Publ.Date : Fri, 21 May 2010 07:59:52 +0000

?Era of debt-fuelled consumerism over?
The era of debt-fuelled consumer spending is over, a financial expert has claimed, pointing out Britain’s consumer debts of nearly £1.5 trillion.Tim Moss, head of loans at moneysupermarket.com, seemed to be talking himself out of a job by claiming consumers can no longer afford to fund purchases on borrowed money.Consumers must face up to their [...]
Publ.Date : Wed, 14 Jul 2010 07:48:01 +0000