Hi all, long time no speak, I hope you are all well.
I won't babble on too much, so here goes ...
I have now been in my IVA for almost a year and touch wood no problems as I have made provisions monthly for car tax, MOT etc.
Now, my car insurance is up for renewal next month so I thought I would get a few new quotes on line but as I go to pay (by monthly D/D) I read the small print about them checking for CCJ, Bankrupcy etc meaning, I presume, if I go ahead I have fraudulently applied? Is this right or are IVA's not accounted for in this? Presumably they are as it is a sort of credit agreement isn't it? Perhaps check with my IP?
Secondly, I could continue with my exisiting company as I have been with them for 7 years so presumably they will just continue to renew with no checks as I am an exisiting customer and have never missed a payment? Also, presumably, I don't need to offer information (me being in IVA) unless asked - is that right? If they do not ask then carry on as normal?
I had this with my mobile contract - been with T Mobile for 5 years and upgraded to a new contract based on past payments and history so they were happy to just continue.
Any thoughts/Advice?
Cheers all.
When you get in a mess, tackle it head on, there is always a way out ....
Can't believe it is a year since that creditors meeting!
Paying for car insurance by instalment isn't really taking out credit, more pay as you go - as if you fail to make an instalment it will void the insurance. You could be better off staying with the same company to avoid the implication of credit checking, but there may also be advantages of shopping around as well.
Thank you for your advice, I did find it strange how they questioned this and wanted the full payment up front as you say, it is more pay as you go but I suppose they advertise an APR so its credit in a way but miss payment insurance is invalid so they cannot lose, surely?
When you get in a mess, tackle it head on, there is always a way out ....
My IP has told me there should be no reason to not get car insurance on D/D payments monthly but everyone I am trying is declining me including one rude sod at Aviva who made it clear it was a credit agreement so I was not permitted to pay monthly but they would accept me with a one off payment for the year up front. He was so rude he made it clear he knoew about these things as he used to work in a building society - rude sod to be honest!
My IP tells me it is permitted to get insurance by D/D and companies are saying it is not - is there any legal clarification on this? If it is the case I cannot get insurance by D/D the car is going to have to go which means my life is going to become a lot more problematic.
Great start to Easter eh!
When you get in a mess, tackle it head on, there is always a way out ....
I am sure taht the majority of my clients pay their car insurance in monthly instalments, but I am afraid that I do not know which companies they are all with. Forum posters actually in IVAs of their own ought to be able to help here.
I have got to the payment stage with good quotes and before I proceed it brings up all the small print about bankrupt, CCJ etc but no mention of IVA. I am tempted t just go ahead and purchase but wonder if they credit check after and the insurance becomes null and void.
When you get in a mess, tackle it head on, there is always a way out ....
Well, when I did mine it asked if I had ever been BR, no mention of CCJs, not that I have any so I could honestly answer no.
It then took me through to the DD section so I thought all was OK.
I then got a letter from the insurance broker to say the premiums would be collected by Premium Credit Ltd and then I had the panic attack.....but it all went through fine.
I believe and have read from people who work in that industry that as the credit is small (in the scheme of things), they don't credit check as if you default, the insurance will be voided forthwith and you will have more trouble from the Rozzers or vehicle licensing people. We all know you can't drive without insurance.
Last time I renewed my car insurance, that was pre-IVA, I did the compare sites, rang my regular broker and they matched the quote. We'll see what happens in July but after the home insurance, I am optimistic.
7 year IVA completed in December 2016 - there is light at the end of that tunnel
You're not bankrupt Mat, so you can answer those questions truthfully.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I pay mine monthly through Citroen, i had them before i went into my IVA so just carried on, i did get worried when i has started my IVA and my insurance was due for renewal 4 months later. I just called was open and honest they told me i was set up to continue to go monthly so if no adjustments needed to be made it would automatically go through with no credit check.
Try Tesco insurance they gave me a quote a last year and offer d/d, or who do you bank with?? normally they can be better at this, lloyds gave me a quote last year as well, i was tryin to get it cheaper but failed.
I'm with Liverpool and Victoria and changed in March 10, I found them through a price comparison site and being in an IVA there was no problem and more competitively priced than my previous providor. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
This is an interesting point, when I started my IVA I was told by DFD that this would be classed a credit and that I couldn't do it.
So for the last 5 years I paid in full. Only when I asked on here I was told otherwise.
I have changed insurers many time and have never had a problem with getting insurance. According to my credit file none have credit checked me, but this could be due to paying in full?
