Spiny Norman Posted August 21, 2010 Share Posted August 21, 2010 The latest car insurance scam, 'continuous payment authority'. Basically what this means is that if you take out an insurance policy online and pay with a credit or debit card, you're authorising the insurance company to take the money from the account next year, the year after, and for ever until you specifically tell them not to. And they're not too quick in pointing this out at the time. Nor is the system regulated or guaranteed by the banks like a direct debit or a standing order, so if there's a dispute you could be in for a long argument. Be warned! Link to comment Share on other sites More sharing options...
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