News - Warning on firm’s selling tactics
Posted on April 4, 2008 in the Finance insurance category
A number of residents have contacted the Officer of Fair Trading (OFT) about tesco finance car insurance tactics used by the firm.
Customers say they are being pressured into giving their financial details to sign up for the insurance which, in many cases, they might not need.
Anyone who thinks they need extra cover should get other quotes, the OFT said.
Corporate estate finance finance hill in insurance irwin mcgraw principle real series
finance or insurance or real estate
The personal finance insurance company is trying to sell insurance that covers repairs after the manufacturer’s guarantee ends.
OFT Chairman Quintin Gill said costumer should check they actually need extra insurance before deciding whether to buy cover.
“Don’t be pushed into something until you’ve had a chance to think it through and be very wary of supplying your financial details over the phone to companies that cause you any concern whatsoever,” said Mr Gill.
In 2005, the Insurance agent finance career change Commission carried out an inquiry into the 900m a year market in the UK.
The Commission inquiry branded the sale of extended warranties “unfair and uncompetitive.”
Comments
Leave a Comment
You must be logged in to post a comment.