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Consumer Credit Insurance

Think twice before you buy consumer credit insurance

MoneySmart provide some sage advice on consumer credit insurance.

When you sign up for a loan or credit you may be offered consumer credit insurance. This is also sometimes called CCI or credit, loan or mortgage protection insurance.

Consumer credit insurance is not compulsory.  If you are interested in buying it, work out if it offers you real value for money.

See full page here.

Reproduced with permission of ASIC.

Source: ASIC's MoneySmart, 30 March 2011.