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about time too


The Financial Conduct Authority (FCA) is proposing changes to promote competition

in the £160 million guaranteed asset protection (GAP) insurance market,

including limiting the point of sale advantage for GAP sales made on the vehicle showroom floor

and making it easier for consumers to shop around.


These proposals stem from the FCA’s first market study into general insurance add-ons, insurance products sold alongside another product.



GAP insurance is usually offered alongside car sales.



We found that consumers were often buying without having previously thought about the product

or shopping around for alternatives and were not always getting the best deal.


Christopher Woolard, director of policy, risk and research at the FCA, said:

'Earlier this year we said that firms must put consumers’ interests first.



It’s important that people are able to make informed decisions about whether they need GAP,

and if they do, the best place to buy it.



Today’s proposed rules are intended to help consumers from paying too much for a product that may not be offering good value for money.'











Any help I am able to give is from my own experience only. Should you have any doubt you should contact a qualified professional.

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god how many years have we been banging on about welcome finance and GAP.!!!



about time they made it widely know it is reclaimable too!



next port of call Mr FCA is MIF



Mortgage Indemnity Insurance



often MIF on Welcome Finance loans was never required as they were a second charge!!

and not the 1st Mortgage or secure finance on the property

by welcome always levied it!




please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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