Archive for the ‘Insurance’ Category
Posted on April 12, 2012 - by admin
Dues and Bills
It has never been my duty to pay bills to different establishments. I really hate falling in line or just by merely waiting for my number to be cued. I have a small patience when it comes to that but when shopping comes well I can walk and wait in the mall even for a whole day.
I never get satisfied with what some establishments. They have poor customer service and for those who have connections even though they are at the last, ends up being the one getting the attention first and paid their dues even before those who have waited for long hours. If I have ability to scold other people then would gladly do it.
I am the type of person that just keeps my mouth shut. I only talk when I am being talked too. Sme people even call me introvert but I do not think I am like that. I maybe sometimes a loner but when I am with my close friends I would totally interact with them. I guess people just look at me the wrong way. I am easily to get along with but I do not talk that much.
Posted on February 13, 2012 - by admin
The True Cost of PPI
The true cost of a payment protection insurance (PPI) policy can be difficult to determine. The amount you are charged varies greatly from one lender to another. Among 48 lenders, the cost of a PPI policy ranged from 16 to 25% of the total loan amount. PPI premiums can be charged two ways; upfront or on a monthly basis.
Consumers should be wary of policies that charge the full amount upfront. These policies are called single premium policies, which means the money to pay for the policy is added onto the loan and considered money borrowed from the lender. This additional debt accrues interest at the same rate as the original loan amount, thus compounding the cost of the PPI policy. This benefits the lender by guaranteeing that the policy is paid for whether or not a claim is ever filed against it.
Another area of confusion has to do with the cost of PPI coverage on credit card debt. If you choose to insure yourself against the debt on a credit card, be aware that the cost is calculated differently than on a mortgage or other loan. This is because there is no initial outstanding debt and the lender cannot predict how much of the credit limit the customer will use.