Personal accident & payment protection

Despite the current crunch it remains relatively easy to borrow money either in the form of a personal loan, mortgage or simply by purchasing goods on a credit card. While credit is easily come by, the real issue is whether you can afford to pay it back. Servicing your debts when you have money coming in may be manageable, but how would you cope if you were off work due to sickness or were made redundant and had no income?

Most providers of credit will be able to offer you an insurance policy underwritten by a specialist creditor insurer that pays your loan payments when you can’t.