Ecommerce Shopping Cart - Search Engine Marketing Software

Lenders to Blame for Spiralling MPPI Sales Says British Insurance

Braintree, Essex (PRWEB) May 23, 2008 -- Banks and building societies mis-selling and over-pricing Mortgage Payment Protection Insurance (http://www.britishinsurance.com) (MPPI) are responsible for a downturn in sales, says Simon Burgess from independent provider British Insurance.

Recent Association of British Insurers' figures* reveal a steady decline in buyers of MPPI cover - 18% took out policies in 2007, compared to 25% in 2005 and 34% in 2000. Those who continue making longer-term payments is also spiralling - 18% in 2007, 21% in 2005 and 22% in 2001.

Burgess comments: "I'm concerned that 82% of those with mortgages could be exposing themselves to crippling debts if accident, sickness or unemployment should occur. I understand why consumers are rejecting this cover - there's no trust that it will pay out, so why shell out in the first place?

"However, where MPPI has been properly sold, via those who are not motivated by sales targets and reducing their debts in other areas, PPI can protect mortgage repayments and make the difference between keeping your head above water in this economic crisis and losing your home."

Only 1% of Mortgage Payment Protection Insurance (http://www.britishinsurance.com/mortgage-payment-protection-insurance/mortgage-insurance.html) is sold direct to consumers and this figure, says Burgess is way too low: "Lenders say they give consumers the option to shop around, but very few have the time or inclination to conduct copious research. It's difficult to compare products on a like for like basis and the majority of providers have their terms, exclusions and limits hidden away in the small print.

"Consumers need a facility which allows them to compare products and their premiums on a like for like basis, so they have a better understanding of what's available. Once this is in place, there will undoubtedly be more direct sales as lenders find it harder to compete."

The Financial Services Authority announced it would provide a facility for consumers to make more informed decisions, via PPI (http://www.britishinsurance.com) comparison tables due for launch in May. This has now been put back until the end of June. Burgess comments: "Consumers need access to FSA web information now, before even more turn their back on this cover."

He concludes: "I blame lenders for these shameful statistics -they've tarnished the reputation of all providers leaving consumers with little faith in the products. What a sorry state to be in, sales are plummeting, complaints to the Ombudsman are soaring and more consumers than ever are left without a financial safety net."

* ABI Mortgage Payment Protection Insurance Statistics April 2008

###

Shopping Cart Uses Top Google Keywords to Maximize Revenue
Ecommerce shopping cart hosting uses search engine marketing software to sell products online. Use top paying Google keywords and PPC campaigns to maximize revenue and boost your income stream. Get a merchant account for credit card processing and make money on the internet with merchandise sales.

MORE ARTICLES:

Apply For A Credit Card Merchant Account Online
Who should? Why, you should, of course, if you want to grow your business and maximize sales volume! In this day and age, more and more business functions are moving into cyberspace, which means that business owners must be ready to travel to this relatively unknown domain if they want to maintain strong customer ties and stay a step or two ahead of the competition. Dont worry if youre not Web savvy; most online processes that are geared to the general consumer are not hard to perform. In fact, most are downright easy.

4 Reasons Why You Must Try PPC Search Engine Internet Marketing
PPC (or Pay Per Click for those not in the know) search engine internet marketing is a form of internet advertising model that uses the power of the search engine, the flexibility and connectivity of advertising networks and a whole host of content based people pulling websites to generate audience volume

Shopping Cart Software - Making Internet Shopping Easier
People are increasingly turning to the Internet when they want to earn extra income or even begin earning a primary income from home. So many different jobs and sources of revenue on the Internet have evolved over the years that making money on the Internet has become quite easy. If you think about it, it's obvious why. The Internet can reach more customers than a physical store location can.

Accept Credit Cards Online Without a Merchant Account
There are two major ways to accept credit cards on your website. The first and most expensive is to have your own merchant account.

Website Marketing Firm Brick Marketing Launches Local Search Engine Marketing Product at Brick Marketing Local
Brick Marketing, a respected full-service website marketing firm known for its success in increasing the sales of clients through online marketing, has launched a new local search engine marketing product. The new local online marketing package gives brick and mortar businesses the opportunity to achieve higher exposure in a wide range of local search engines.

Xonca Ecommerce Shopping Cart Software Released
Ecommerce software company Arquan releases search engine friendly Xonca shopping cart software for web designers and SEO professionals.

Top eCommerce Software Blogger Linda Bustos Wins Search Engine Marketing Scholarship
Elastic Path Software Blog "Get Elastic" educates webmasters on analytics, search marketing and eCommerce best practices.

Comparison Shopping Search Engines Equal Big Profits for Online Merchants
Holiday shoppers are expected to spend $32 billion online this season, with purchases happening well past ground shipping cutoff dates. That's according to "Online Retail Holiday Forecast, 2006," a report from JupiterResearch.

Merchant Account Insider Secrets - Accept Credit Cards Online
The process of learning how to accept payments on the Internet is similar to the course of figuring out how to launch a business. What at first seems puzzling and intimidating may be viewed as straightforward and easy to understand if one has the right guide or manual.

eCommerce Solution - Shopping Cart Software
Build Your Own Ecommerce Website Ecommerce has been the rage for the online community. Now over half of the world prefers to do shopping on Internet through various ecommerce stores. Every businessperson wants to build own an ecommerce website in order to get their business an impressive online presence and an ultimate global exposure. If you are also running a business and are looking for a perfect way out to reach the millions of customers from all over the world, there is no other way to do this than building an ecommerce website. However, if you are planning to build your own ecommerce website, you should not that it is not an easy task to do. You need to look into several factors. Let us go exploring. Professional Design W...

Internet Marketing - How to Make your Online Advertising Business Produce Money on Internet Marketing
The success or failure of your Internet marketing business depends largely on the Internet users. If they are interested on the products and services that you are offering for sale, definitely you can expect hundreds to thousands of dollars in revenues from your online business. On the other hand, if they are just too lazy to hear what you want to say and what you are offering, better shut down your personal computer unit and find some other ways of earning money.

Online Credit Card Processing - How to Accept Credit Cards - Ecommerce 101
Back in 1998 (through 2000 or so), I worked for a small company (called PaymentNet / then Signio) that handled online transactions. Verisign later purchased this company, and the product team I led integrated the "client" - the portion that took the credit card information and sent it to our servers for processing.

Search Engine Marketing Firm Netconcepts® Upgrades Powerful Ecommerce Web Solution for Online Retailers
Enhanced search friendly online retail management platform provides "baked in" optimization features.

Arquan Announces Ecommerce Shopping Cart Software For Web Designers and SEO Professionals
Arquan announces Xonca 3.0 ecommerce shopping cart software for web designers and SEO professionals who need complete design control, power, simplicity, and search engine friendly features. Xonca is also very easy to operate for the end user.

Shopping Cart Software - Boost Your Online Sales
More and more people are going to the internet in order to find a means of making a living. There have been so many advances in the ways of the internet that have made making money easier for many people. This concept is actually relatively simple; on the internet there is an increased ability to reach many more customers than in person.