Which urges FCA to take action on premium finance following investigation
Which? has urged the FCA to devise an action plan on premium finance after an investigation found home and motor insurance customers have been subject to up to 40% APRs.
A survey where Which? approached 39 car insurers and 34 home insurers found APRs of up to 40% in motor insurance, and 35% in home insurance for customers spreading their payments across the year.
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