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Insurance paid by DD

guil · 2013-09-02 13:25:10

Just got my renewal on Friday from Aviva and nearly sure it says on it that there's a 20% loading to pay by direct debit. Was it always that high? I seem to remember Quinn or axa charging 6-7%.

02-09-2013 1:25pm

#1

guil

Registered Users, Registered Users 2 Posts: 10,534 ✭✭✭✭

Join Date: December 2007

Posts: 10112

Just got my renewal on Friday from Aviva and nearly sure it says on it that there's a 20% loading to pay by direct debit. Was it always that high? I seem to remember Quinn or axa charging 6-7%.

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Comments

#2 02-09-2013 1:30pm

mathepac

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a 6-8% finance charge over 9 months is in the region of 15-20% APR

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#3 02-09-2013 1:42pm

guil

Registered Users, Registered Users 2 Posts: 10,534 ✭✭✭✭

Join Date: December 2007

Posts: 10112

mathepac wrote: »

a 6-8% finance charge over 9 months is in the region of 15-20% APR

It's paid over 10 months and the 6-7% I referred to was APR

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