In an intriguing financial industry story last night on Today Tonight, Financial adviser and columnist, the Barefoot Investor, Scott Pape says the move Choice has made with the One Big Switch Campaign is concerning “I’m concerned with Choice’s involvement because you can’t claim to be independent if you’re getting a dirty kickback, and that’s exactly what’s going on.”
According to Pape, Choice have sold their soul in the hunt for funding, and it could affect their advice.
“If Choice were really being the consumer watchdog they claim to be, they’d say ‘there’s these mortgage brokers that will rebate the kickbacks directly onto your loan, and it will save you thousands of dollars’. They’re not doing that because they’re getting a kickback,” he said.
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