insurance beware!!!

[ad15]

this is not a complaint as it's against forum rules but this is a reminder to read the VERY small print when you take out insurance, ESPECIALLY if you spread the payments,

 

adrian flux actually sell your "debt" to a 3rd party loan company, so if you choose to spread the payment you are actually taking out a loan,, with pretty high interest rates,, if you then need to cancel the policy,, it'll cost a princely sum to do it,,

 

i had adrian flux for all of 6 weeks,, just cost me over £200:thumbdown:

 

it was never explained to be over the phone

[mendiplogs]

HI ANDY NOT GOOD THAT MATE :thumbdown: the NFU are the best i think thanks jon :thumbup:

[tommer9]

BAd luck mate- total bummer that.

[nepia]

it was never explained to be over the phone

 

 

Mis-selling then surely; the Ombudsman would not support them in the event of a complaint. If you push hard enough for some/all of your money back you'd stand a good chance I'd think.

Or does your opening comment about the small print mean that it was there all the time?!

[skyhuck]

I always ask the difference in price between paying up front and on the drip.

[ad15]

nepia, i'm doing just that,

 

skyhuck.. it's not the difference in costs i was worries about,, it was the fact that i was essentially taking a loan out, without knowing it and without it being explained,,,

 

the reason i was so annoyed was when we applied for a mortgage last week, i said no loans outstanding,,,the bank then turned round and mentioned i did have one,,, i argued that i didnt,,, they then showed me the loan,,, felt a right prat..

[Ian Flatters]

Hi ad15, i've been with adrian flux for years and they have always explained this to me. Yes it works out cheaper per year but you do enter a loan agreement. Its good for me too as i really don't use credit cards but this gives me a good credit history.

[easy-lift guy]

Never agree to anything over the phone,unless you have an agreement in writing don't agree to anything. Futhermore if you do have something in writing and your not sure go seek a second or third opinion. If your still uncomfortable trust your sences and walk away.

[tomtrees]

Never agree to anything over the phone,unless you have an agreement in writing don't agree to anything. Futhermore if you do have something in writing and your not sure go seek a second or third opinion. If your still uncomfortable trust your sences and walk away.

 

Well said but sometimes I feel like they are all as bad as each outer.

[chaffey]

Insurance companies = winners all round!!