Top Rip Off Products and Services in the UK – Be Wary!

Saving money is always a good thing, but there are just some products and services that are a no go. The financial services industry is very guilty in that they offer a lot of services that sound great — only to find that they really don’t do what they say they’re going to do. In order to avoid being scammed, it’s time to cut your costs and remove these items from your budget right away.

The first item to remove would have to be mobile phone insurance.

It’s great if you want to really make sure that you will be able to replace your phone quickly. However, you still have to make sure that you weigh the options here. You may be able to just add your mobile phone to your home and contents insurance, which could be cheaper than the 100 GBP on average that you’ll pay your mobile phone carrier for the same privilege.

If you have an older phone, you may also be able to just pick up a used phone with no fuss as well. Don’t forget to look through all of your options here!


Another financial product that we had to highlight here are store cards. These are offered to help you get a discount on your purchase at the shop, but the truth is that these cards have a very high interest rate. If you really need to buy on credit, getting a regular credit card is probably what you want to do instead.

The only time where you would want to get a store card is when you really have no other option for credit and you really need to rebuild your credit.

The next product up on the list is payment protection insurance. There was a major scandal of PPI recently, where thousands of UK consumers found themselves with worthless policies.

If you’re going to get these policies, you really want to make sure that you spend a lot of time — and we mean a lot of time! — looking through the fine print. The premiums can add quite a bit of money to any loan product. You may be better off with income protection insurance, which can help you in more ways than PPI can. Still, buyer beware! Continue reading “Top Rip Off Products and Services in the UK – Be Wary!”