Press release
'We Introduce You' believes borrowers should treat insurance and loans as separate transactions
With the growing debate over Payment Protection Insurance (PPI) and with the Office of Fair Trading referring the market to the Competition Commission, the secured loans company ‘We Introduce You’ believes consumers should look at the purchase of insurance cover in a different light.‘We Introduce You’ says it takes note of the plethora of articles written about the benefits of reducing PPI costs by going to a standalone provider, but they believe even by taking this option, the purchase of insurance cover is still a significant financial purchase for the consumer in its own right.
Managing Director of ‘We Introduce You’ Adrian Hudson said: “If a consumer was going out to buy a new television at a cost of £1000 over 5 years they might visit several shops or websites to compare the cost. The problem with PPI is that people shop around for a low interest rate loan, but completely forget about the savings they could make on insurance cover. In general, consumers should treat the purchase of a loan and PPI in the same way they would when buying a TV and DVD player – with each purchase being related, but fundamentally separate. The consumer should also weigh up their medium to long-term risks and, given that some PPI policies have significant exclusion clauses, should even ask themselves if they need insurance cover in the first place”.
For further information, contact Sally Harper at press@we-introduce-you.co.uk or visit the website http://www.we-introduce-you.co.uk
We Introduce You
The Old Bakery
Back Water Street
Earby
Lancashire
England BB18 6PN
We Introduce You’ was established in 1997 and is authorised as a Credit Broker by the Office of Fair Trading.
The company believes that unlike the majority of secured loans providers, ‘We Introduce You’ is completely independent and this makes it unique in that it can arrange a loan from any provider rather than being tied to only one
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