Your opinions: Any thoughts on implementation of the Consumer Credit Directive?
Insurance Age welcomes your opinions via email, Linked In, the Broker Forum, Twitter and good old-fashioned letters. Send your views to Martin Friel, editor, Insurance Age, VNU House, 32 - 34 Broadwick Street, London, W1A 2HG, or email martin.friel@incisivemedia.com
Allan Gambles: Now that Biba has posted some guidance notes on its website, the implications of this new legislation are quite worrying in terms of changes we may now have to introduce very quickly for customers who pay us by short-term instalments.
In addition to third-party premium finance we also offer customers the facility to pay us by our in-house instalment scheme. Typically this will require a deposit followed by one or two monthly payments so the whole debt is cleared in 90 days maximum
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