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"www.financevictims.co.uk
has useful advice" - Sunday Telegraph
Finance Victims will be for you if you have
been sold the wrong personal finance product, or a bad product,
or if the product you have bought is causing unreasonable
problems, or if you have debt problems.
Check the menu on the left for subjects
we discuss. The latest blog messages are
Sales commission on personal finance products
Financial institutions exist to make money. We
aim to highlight some shortcomings in what they sell, and suggest
how to deal with them. Routinely they turn simple products into
complicated ones. Otherwise it would be obvious how poor many of
them are, and how badly they perform.
They also bring out headline grabbing products
with good terms and then downgrade the benefits. Then they launch
new headline grabbing products. So they penalise loyal customers
who don't keep a check on them. They can do this because most customers
don't bother to check regularly whether they are getting a good
deal.
Financial institutions are selling "commodity"
products. They have to try to bamboozle the customer in order to
get their profits up.
The Small Print
There are also too many products
with too much small print.
But terms in consumer contracts must by law
be clear and fair.
Further help
You can always get further general help free of
charge from the National
Association of Citizens Advice Bureaux - 0207 833 2181.
You can pay to get active specialist help. Claims
and disputes are not generalist Financial Advisers' territory, so
you have to know where to go. Hopefully this site may help to clear
your mind, and perhaps spare you unnecessary worry. If you still
need more help, you can get
Good hunting.
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