Robbing Barstewards!

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BankingContractor replied

20 September 2010, 13:22
More importantly, what are contractors doing paying by installments.

I thought it was customary to slap your wad on the table and be done with it!!

Originally posted by TonyEnglish View Post

Nope - normal policy with a big penalty to terminate it early. Just a complete con. Put a normal(ish) amount of the front and most people would assume that if the overall figure has not gone up much then the DD would not also. But in this case the costs for paying by DD were about half as much again.
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BoredBloke replied

20 September 2010, 13:17
Originally posted by Platypus View Post

Your post has prompted me to have a look around, as my car insurance is due next month. Go Compare found me a quote less than half the price that Direct Line has offered!

For a small saving I usually wouldn't bother to switch, but this is almost a £300 saving!

What I do is use go compare / moneysupermarket to get me the quotes and then look to see what discounts I can get through quidco and use quidco to take me to the insurance company.
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Platypus replied

20 September 2010, 13:06
Your post has prompted me to have a look around, as my car insurance is due next month. Go Compare found me a quote less than half the price that Direct Line has offered!

For a small saving I usually wouldn't bother to switch, but this is almost a £300 saving!
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chef replied

20 September 2010, 12:25
this would never have happened if Gordon ruled the world
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BoredBloke replied

20 September 2010, 12:19
Nope - normal policy with a big penalty to terminate it early. Just a complete con. Put a normal(ish) amount of the front and most people would assume that if the overall figure has not gone up much then the DD would not also. But in this case the costs for paying by DD were about half as much again.
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chef replied

20 September 2010, 12:17
was it pay monthly with the option to cancel with 1 months notice? if so then she's effectively getting monthly insurance which would explain why it's higher, no long term commitment.
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BoredBloke started a topic Robbing Barstewards!

20 September 2010, 12:14
Robbing Barstewards!

My wife got her car insurance renewal through on Saturday. The quote was a little higher than her previous one at 477. So I did a quick comparison and got her the same features on one about 100 less. I suggested she rang Kwik-fit, who her renewal was from, to see if they would match the cheaper price. They couldn't/wouldn't and thankfully so. When I checked on the back of her quote the cost to pay by monthly direct debit was 802 over the course of a year with an apr of over 50%. I can understand a high APR on a very short term loan (pay day loans etc) and loans for those with a poor credit rating (she hasn't) but this is a loan of 477 over a year and she never missed a payment on her previous policy.
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