As banks and pile societies tighten up their lending criteria, consumers are at risk of a double whammy, warns PPI lobbyist Sara-Ann Burgess from Burgesses. "People are turning elsewhere for credit which means they are likely to pay more in interest over the continuance of their loan and fork out inordinate premiums for any accompanying Payment guard Insurance, which in some cases will be totally unsuitable for their circumstances." (PRWEB Oct 9, 2008)

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