Group managing director, Business Finance at Aldermore Bank, Carl D'Ammassa, said "Based on what we are hearing from our clients, we are not surprised by the figures from the Finance & Leasing Association showing that finance for commercial vehicles on lease and hire-purchase agreements
rose 10% to the year ending August 2015."
That rules out owning credit cards, getting a mortgage or a good bank reference, entering loan or hire-purchase agreements
or voting a government in or out.
PPI, used by 7m people, is designed to protect mortgages, personal loans, store cards, hire-purchase agreements
or credit card repayments if borrowers lose their job or are ill.
Around 80 per cent of the capital behind Opus is privately financed with a further 20 per cent made up of hire-purchase agreements
for kitchen equipment.
'Trabzonspor of Turkey wanted to pay instalments but Wisla aren't interested in hire-purchase agreements