Released on = July 11, 2007, 5:14 am

Press Release Author = Shane Craig

Industry = Financial

Press Release Summary = BORROWERS struggling to cope with the cost of Christmas
should avoid committing themselves to several years' worth of pricey payment
protection insurance from high street lenders, warns stand-alone online provider
Paymentcare.co.uk.

Press Release Body = Far from easing the burden of seasonal debt, the cost of
lenders' own PPI offerings can compound consumers' debts by locking them into an
agreement from which there is no escape," said Paymentcare.co.uk managing director
Shane Craig.

"Switch and save has been the mantra of 2006: gas, electricity, telephone, broadband
- it seems there is always a better and cheaper option available at the click of a
mouse. But try getting out of your PPI policy and you could well find that you have
unwittingly signed up for a lengthy - and expensive - stretch inside."

In their eagerness to get their hands on a cheap loan, many borrowers simply don't
bother to check the terms of the PPI policy that is offered along with their loan,
and may believe they can simply cancel the PPI agreement without this having any
impact on the loan agreement.

With Paymentcare.co.uk, if borrowers change loan providers, decide they no longer
need protection or just simply change their minds, they can cancel their insurance
with one month's notice.

"Our policies are straight forward and transparent, like all Paymentcare.co.uk
policies," added Craig.

Web Site = http://www.paymentcare.co.uk/news.php?nid

Contact Details = Paymentcare Ltd,
CBTC,
Euxton Lane,
Euxton,
Chorley,
PR7 6TE.