Consumers are not told the higher cost of paying by instalments, the Financial Conduct Authority says, with some being charged interest of up to 75%Consumers who pay for car or home insurance in monthly instalments are being charged interest as high as 75%, according to the Financial Conduct Authority in a highly critical report on the £18bn-a-year industry. Related: Want help with treatment costs? Get a health cash plan Continue reading…
Source : theguardian.com
Read more…Direct debit option increases insurance payments, FCA finds















