Hi Guys, I am a newbie to the forums, and was wondering if you may help me, i toke a loan back in February 2009 for £6,000 and was sold insurance for my loan and got the following on my agreement: Amount of credit (the cash loan): £6,000 Amount of credit (the insurance loan): £923.52 Total amount of credit (the total loan): £6,923.52 Duration of loan: 24months Total amount you pay for cash loan: £7,005.60 Total amount you pay for the insurance loan: £1,078.08 Total amount you pay for the Total loan: £8,083.68 APR for cash loan: 13.9% APR for insurance loan: 13.9% Guys is this normal for them to charge an additional 13.9% on the insurance side? The amount I pay back for insurance is more than the actual loan i really don't get this. Any advice will be much appreciated. Apologies if I have placed this thread on the wrong section of the forum. Thanks, TA