Is a type of insurance, often sold alongside loans, credit cards or mortgages that provides an income to cover a borrower’s debt repayments in the event of an accident or sickness that prevents them from working, or unemployment.
Franky on Finance
Franky on Finance- Repossessions to soar by a quarter
- Nationwide increases minimum deposit to 10%
- Franky on Finance has moved
- Internet ban for just 3 illegal downloads
- Gas guzzlers are hit with £25 C-charge
- Savers should beware as rates fall
- Mortgage lenders rush to cut rates
- Bank cuts interest rates to 5.25%
- I got carried away, says SocGen’s rogue trader
- Newcomer Kaupthing offers 6.5% to online savers
