Adam R Posted September 8, 2007 Report Share Posted September 8, 2007 Does anyone else pay by instalments with Premium Credit through Commercial Express in Dudley? I have one of my policies on this system and they have recently increased their interest from 8.00% to 8.5% My other insurances are with C & R Insurance near Bristol and they are also paid with Premium Credit but the interest is only 5.7%. When I looked into the matter I found that Commercial Express were adding this extra interest on and pocketing it themselves. Noone ever mentioned this to me. C & R only add the interest charged by Premium Credit and take nothing themselves. This makes a difference to the outgoings each year for insurance if you pay this way. Link to comment Share on other sites More sharing options...
Melboy Posted September 8, 2007 Report Share Posted September 8, 2007 Virtually every single company dealing with any form of financial credit will be increasing % terms as from Monday (unless something happens in the meantime). We are on the brink of a Global meltdown or should that be meltup of cheap credit ending. Watch the National papers on Monday Morning! Mel. Link to comment Share on other sites More sharing options...
Simon Dewsberry Posted September 9, 2007 Report Share Posted September 9, 2007 Hmm whats happening on monday then Mel ? Simon Link to comment Share on other sites More sharing options...
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