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General => Insurance => Topic started by: JC on 25 October 2008, 14:37

Title: READ THE SMALL PRINT - APR Rates
Post by: JC on 25 October 2008, 14:37

 :shocked: :shocked: :shocked: :shocked: :shocked: :shocked: :shocked:

espeically at renewal and the APR % rate if going by direct debit

Mine just came thru from HIC

43.2% APR

JESUS H CHRIST

and thats ao a small amount so all you youngsters paying £ks of premium are getting raped.

Shop around , I REFUSE point blank to pay that much interest. cheaper to pay on me credit card.

But I will not be renewing on priciple now  :angry:

Title: Re: READ THE SMALL PRINT - APR Rates
Post by: Rhyso on 25 October 2008, 15:31

43%!!!  :shocked: :shocked: :shocked:

most are normally around the 15% mark  :undecided:

i never pay by direct debit for that reason!!

Title: Re: READ THE SMALL PRINT - APR Rates
Post by: JC on 25 October 2008, 15:32

paperwork is in my hand - double checked

43.2% apr & a £20 direct debit fee

 :shocked: :shocked: :shocked: :shocked: :shocked: :shocked:

Title: Re: READ THE SMALL PRINT - APR Rates
Post by: Dec on 25 October 2008, 17:08

Christ! Is that like when you pay monthly?

I was lucky and my gran paid for mine and I gradually paid her monthly so that i didnt pay over the odds like that..

Title: Re: READ THE SMALL PRINT - APR Rates
Post by: iMation on 25 October 2008, 17:19

holy feck, i need to get my renewal sorted, hopefully wont be too bad.

that is shocking APR

Title: Re: READ THE SMALL PRINT - APR Rates
Post by: T_J_G on 31 October 2008, 17:32

That is bad I'll check my policy with HIC , I'm stuck as I need to pay by DD. Won't be going back if it is that amount. Could save me a fortune.

Title: Re: READ THE SMALL PRINT - APR Rates
Post by: Jay on 07 November 2008, 13:30

Mines going to be 37.7% APR, is that included in the monthly instalments?

Title: Re: READ THE SMALL PRINT - APR Rates
Post by: Wazzzer on 09 November 2008, 11:24

hmmm this is worrying. Mine is due for renewal with HIC in Feb and I was hoping to pay monthly instead of one lump sum. Although it's not a lot at around £400 (hopefully) I doubt I'll have it spare... I guess the amount of money they will make themselves on the APR will outweigh the amount of custom they will lose over this...

Title: Re: READ THE SMALL PRINT - APR Rates
Post by: AlanD on 10 November 2008, 11:24

I put money away every month into a "Car" account which is used just for the car (service work, oil top up, insurance renewel). Its a fantastic idea and every year I can just pay the insurance in one lump sum :)