Staggering Petrol Prices Cause For Concern With Car Loan PPI
Posted on March 29th, 2011
There are various different versions of payment protection insurance, otherwise known as ppi, that show up on many products but essentially it is a sort of insurance and you’ll have a case for ppi claims in case you have taken out car finance during the last decade.
With fuel costs crushing customers’ disposable income due to its constant rising costs it might be a cause for concern for those who also need to pay for car loan ppi.
The increase in the buying price of oil is typically 15.8p a litre more in the pump than this past year and supermarkets get cautioned that these surging fuel prices are sapping customer paying energy.
In the past year customers have spent £400 million less amongst information that oil prices are continuing to rise; although the petrol prices in the united kingdom already have hit a record-breaking £6 a gallon.
The average unleaded price, that is 115p a litre, signifies the shift in customer spending from the store checkout to the forecourt.
It now costs just about £3.50 more to refill a tank on average than it did in January of the year.
Retailer Morrison’s’ annual figures show that its fuel sales taken advantage of the larger oil prices, rising 18% during the last year on a like-for-like foundation. That boosted its total turnover from petrol and diesel by over £530m.
If you were mis-sold car finance you can enquire about a reclaiming ppi and claim back hundreds maybe even thousands of pounds.
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Tags: Car Loan PPI
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