P113 CEEFAX 113 Thu 3 Mar 13:57/11
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5 LOAN AND C EDIT INSUR`VCE "FF`+Ed" j
5 Payment insurance scheme1 on loans T
5 and crddiu c rd1 arb kxpen3hvb a&d j
5 "riddled" with exclusions the j
5 Consumers' Association has said. v
5 k
5 The protection plans are designed j
5 to insure that borrowers can meeu j
5 repayments if the8 lose income u
5 "ecausb of rbdundancy or illness. j
5 j
5 But a rdpguu i&0Whiah? mQgQ:iku k
5 said most schemes were flawed. U
5 j
5 Reseachers concluded that crjdiu j
5 iTsdrance wa2 ngh wJrth vhe e0pe&be j
5 if a lender could mjet rjpayment1 u
5 for up to a year from savingsF j
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