Search Results for 'payment protection insurance'

Castlebar Labour Party town councillor Harry Barrett has urged people to check their bank records in the wake of The Central Bank report, issued recently, that named six banks that it is investigating for wrongly selling insurance products to thousands of customers. The banks have been ordered to carry out independent reviews of the sales of the payment protection insurance to find out the scale of the problem, and pay restitution. Payment protection insurance or PPI repays a loan or credit card if a person becomes sick or unemployed. Since August 2007, more than 300,000 PPI policies were sold in Ireland.

There are many reasons to choose Castlebar Credit Union if you are looking for a car loan, if you are looking to upgrade or get your very first set of wheels. You can shop around for the car you want, you have the bargaining power. Car loans have free life cover at the great interest rate of 7.5 per cent (7.78 per cent APR). Repayment terms can be up to five years. The interest is not front-loaded and repayments are calculated on the reducing balance of the loan. So the quicker you reduce the principle the cheaper the loan will be. If you are able you can repay the loan earlier with no penalty, and additional lump sum repayments are accepted with no penalty. All loan rates are fixed and the repayment remains the same for the term of the loan, there are also no hidden fees or transaction charges so you know exactly what you have to repay and when. Castlebar Credit Union also offers payment protection insurance as an optional extra.