It's not classed as credit, bear in mind that if you stop paying at any time, your insurance will be cancelled.
Your credit record will have been checked, but only for address purposes. I know I used to panic when I saw all the checks that had been made, but they're not available for any other potential creditors to see.
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
Hubby and myself both in IVA's and both changed to new insurers during IVA with no probs at all - did it through well known confused website and whilst I've no clue if they credit checked us we certainly had no problem getting on monthly installments [:)]
"Hope is the feeling you have that the feeling you have isn't permanent." - Jean Kerr
IVA approved Aug 2008 - 6 year term - last payment made 6 Oct 2014. CC received 14 Nov 2014.
A good friend of mine is currently also in IVA and he is looking for a new car insurance. The problem is that he will work in Germany for two years and due to this he needs a German car insurance. **Link removed**
He told me that it is not easy to find one because he is in IVA in the UK. Has someone here any ideas how this could work?
**Advertising is not allowed on the forum. I have already removed the link once, so please do not reinstate it**
Last edited by brapa on Thu May 27, 2010 12:32 pm, edited 1 time in total.
Hi
I wouldn't worry about paying for car insurance on a monthly basis. The policy is structured in such a way that you are nearly always running ahead of the actual cost of the insurance and yes whilst it is technically a credit agreement the liability is close to zero.
Regards
I pay for all my insurances monthly. Did new pet insurance yesterday, put in my bank details and it all went through straightaway.
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
