Get expert opinion. This is the place for new questions to be posted.
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gafjo
- Posts: 13
- Joined: Thu Mar 07, 2013 7:04 pm
- Location: United Kingdom
Hi all
My car insurance is due for renewal and I compared prices, applied for insurance and have been told that I cant pay by monthly direct debit and have to pay in full.
I take it this is because of the IVA never entered my head that car insurance would be refused.
Any ideas as I can afford to pay in full
thanks in advance
Jo
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welshwiz
- Posts: 531
- Joined: Sat Dec 29, 2012 4:13 pm
- Location:
Hi gafjo
We changed our insurers while in IVA, Swinton let us pay by DD and gave one of best quotes. They only asked if we had ever been made Bankrupt, which we haven't as IVA is different from Bankruptcy as far as I am aware.
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plasticdaft
Forum Expert
- Posts: 9562
- Joined: Wed May 21, 2008 12:45 pm
- Location: United Kingdom
Shop around. Somebody will agree to monthly payments. We used swinton for a year as well but the 2nd year renewal was horrendous so we went elsewhere.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Struzzo39
- Posts: 1820
- Joined: Sun Jan 24, 2010 5:56 pm
- Location: United Kingdom
We've previously used Swinton too on dd. But we swapped to Tesco last December as they hiked up their prices and was accepted with no problems and pay on dd. They were also a lot cheaper too
Steven & Debbie
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martinw
- Posts: 454
- Joined: Wed Nov 20, 2013 8:44 pm
- Location:
It will depend on how the insurer structures things.
some accept the premium monthly, like a utility bill, others structure it as a personal loan for the years premium. IMHO they are likely to credit score these differently and in the latter case it may not be your insurer credit scoring you
If you can it's often much cheaper to pay for the whole year. Maybe your IP could help with budgeting for this so next year you have the premium saved.
Martin
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Shining
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
- Location:
Hi, I changed a few times within my IVA with monthly payments so a lot of insurers will let you, worth shopping around.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Jules79
- Posts: 191
- Joined: Tue Jun 19, 2012 11:24 am
- Location: United Kingdom
We have changed our's recently too, no issues what so ever. Go on the comparing websites and try someone else.
**23'04'14 - IVA Complete F&F Agreed with payments made to date oh and a fat PPI reclaim helped too. Completion Certificate received 23'10'14 ** After a couple of years of waking up and 'surviving' the day I now wake up and 'Live' for the day!!
**Any comments I make are purely my own opinions**
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Grayson.sc
- Posts: 114
- Joined: Mon Feb 04, 2013 4:37 am
- Location: United Kingdom
I am currently with Tesco and have just had my renewal quote come through. Amazingly it is £2.00 a month cheaper so I wont be changing. Tesco are definitely worth a go as they are very competitive for price and I know quite a few people that use them whilst in an IVA.
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UpToMyNeckInIt
- Posts: 607
- Joined: Fri Aug 03, 2012 3:25 pm
- Location: United Kingdom
Forget the likes of Swinton and Admiral. They are notorious for not allowing monthly payments.
I've never had a problem getting pay monthly. Try Esure and One Call. I've used both in my iva.
My opinions are just that: Based on my experience and being a self-employed IVA customer.
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leighxx
- Posts: 46
- Joined: Tue May 01, 2012 10:57 am
- Location:
I renewed last week with the green insurance company, cheapest for me by far, no problem with monthly payments
Last payment October 2013
CC received 21/08/2014
