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Health insurance news: Paymentcare

Paymentcare, a specialist payment protection provider is an independent company whose policies underwritten by reputable insurance companies.

Paymentcare : Company profile

Recent news

Paymentcare welcomes lender ban on payment protection insurance Paymentcare, a leading independent provider of stand-alone payment protection insurance welcomes the news that mainstream lenders will no longer be able to sell payment protection insurance policies when agreeing customer loans.
Borrowers at risk from distorted image of payment protection insurance Shane Craig of specialist payment protection providers Paymentcare, blasts insurance trade bodies and insurers for suggesting that the rise in recent claims is all connected to the economy and that most are for unemployment.
High Street lenders preying on workers' fear A combination of soaring unemployment and Britons' escalating personal debt mountain will put further pressure on overstretched households and sky high major lenders' payment protection premiums will not help, warns Paymentcare.co.uk, a leading independent payment protection provider.
Egg fine underlines case for banning point-of-sale PPI, says Paymentcare Commenting on the latest FSA fine for PPI mis-selling handed out to lender Egg, Shane Craig of independent PPI provider Paymentcare says, This is yet another vindication of the Competition Commission's proposal to ban point-of-sale PPI. The tactics employed by Egg to shift as many PPI policies as possible are a perfect example of why borrowing and protection agreements should be kept separate.
Fear factor drives surge in demand for loan payment protection insurance Borrowers are scrambling to protect their loans with PPI before they fall foul of the recession and lose their jobs, says standalone PPI provider Paymentcare.co.uk. Paymentcare's Shane Craig says, Over the past few weeks our phones have been ringing off the hook with enquiries from worried borrowers who want to buy themselves peace of mind in these troubled times.
Paymentcare supports PPI point-of-sale ban Shane Craig, of independent payment protection insurance provider Paymentcare.co.uk, praises the Competition Commission for the proposed ban on single-premium PPI policies - describing them as a major obstruction to consumers getting a fair deal.
Norwich Union drives down non-disclosure rate Norwich Union paid out 813 critical illness claims during the first half of 2008, averaging just under £72,000. Nearly 94% of claims received were paid compared to 85% during the same period of 2007.
Consumer scramble for protection means change needed now The latest findings by the Competition Commission on the shortcomings of the retail payment protection insurance (PPI) market is one step closer to the watchdog admitting they can see the elephant in the living room, says Shane Craig of independent PPI provider Paymentcare:
Norwich Union withdraws some unemployment only policies - buy cover now Norwich Union has pulled some of its best-selling unemployment cover products amid concerns the looming recession will leave it inundated with claims. Other leading insurers could follow Norwich Union's lead and withdraw unemployment-only cover.
Mortgage protection insurance warning As redundancies loom across the troubled property and financial sectors, a sharp rise in applications for payment protection insurance (PPI) is predicted. Paymentcare, the independent PPI provider, has warned that anyone applying for income protection insurance knowing or having reason to suspect that they may soon be made redundant will very likely have their cover invalidated. In essence,...
Demand soars for unemployment insurance Shane Craig, of income protection specialists Paymentcare.co.uk, says: We are being bombarded with enquiries from all sectors, and the common theme is that people are finding the cover offered by high street lenders exorbitantly expensive. A growing number of applicants are telling us that they've always thought PPI to be a good thing but simply can't afford the prices the high street lenders...
Standalone PPI the obvious solution to borrower safety concerns Shane Craig, managing director of standalone payment protection insurance provider Paymentcare.co.uk., says Concerns that borrowers will be put at risk by the Competition Commission's proposed changes to the payment protection insurance market would be completely unfounded if consumers were made more aware of the standalone alternative to lenders' own PPI. The solution is staring everyone in the...
Competition Commission highlights risk of selling PPI along with credit Borrowers who purchase payment protection insurance (PPI) that is inappropriate to their needs and more costly than a standalone alternative will continue to do so unless the point of sale link between PPI and credit is broken.
Repayment protection policies at a fraction of High Street prices Consumers signing up for payment protection insurance along with a personal loan or switching credit cards to manage Christmas overspending can save a fortune by opting for an independent provider rather than their lender's own policy, says stand-alone payment protection provider Paymentcare.co.uk. Lenders' own PPI sold alongside an unsecured loan is one old acquaintance that certainly should be...
Back up debt deals with payment protection insurance (PPI) Borrowers who were hoping to find some respite from the pressure of mounting debts will have to continue to find a way of shouldering their burden, says independent payment protection provider Paymentcare. Those opting for debt consolidation loans could end up compounding their financial difficulties rather than solving them if they allow themselves to be put off the idea of PPI by the recent...
Save money by avoiding lenders payment protection insurance Motorists can avoid the financial cul-de-sac of lenders' own payment protection insurance on new car loans by taking a low-cost stand-alone policy from an independent provider, says specialist provider Paymentcare. With the latest batch of new cars due to roll off the forecourts on September 1, many motorists will be signing up for a low cost loan to make their purchase, but whilst they may have...
Paymentcare customers acknowledge income protection savings The average saving made by customers choosing payment protection insurance from independent provider Paymentcare rather than their lender is a whopping £2,739.77, an in-house survey alleges. According to Paymentcare, policy holders who responded to an email survey carried out over the past year have confirmed just how much profit high street lenders are making from selling their own over-priced...
Paymentcare comments on payment protection insurance market The Office of Fair Trading's decision to refer the payment protection insurance (PPI) market to the Competition Commission (CC) for further investigation is a positive initiative, delivering a much-needed wake up call to High Street lenders, says independent PPI provider. Paymentcare.co.uk managing director Shane Craig a comments, Banks and lenders have hijacked PPI as a cash cow to generate huge...
Homeowners will have to pick up compulsory mortgage payment protection bill Pressure is set to mount on mortgage holders to buy mortgage payment protection insurance (MPPI) cover, as leaked details of talks between debt charities and mortgage lenders lead to increased speculation of an additional burden on homeowners- claims online personal finance research and data analysts Moneynet. Media speculation that record levels of missed mortgage repayments and the worrying...
Beware the hidden expense of payment protection insurance As more than 400,000 motorists prepare to pick up the keys to a new car when this Autumn's registration plates go live on September 1, payment protection provider Paymentcare warns those arranging personal loans to finance their cars not to be caught out by expensive loan protection cover. While affordable APRs on many loans are seductive, signing up for payment protection insurance along with...