My IVA was sold to me by Harrington brooks, who told me that it is different to bankruptcy and won't affect anything accept my ability to gain credit.
I took out an insurance policy about 32 days ago but wasn't asked about an IVA. I just had It cancelled because of the IVA and wanted to enquire if this is normal.
There are companies out there that will accept you and I'm surprised that someone has cancelled your policy.
Which insurance company was it with?
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
The broker was Lancaster Insurance. The insurer was Zenith. Throughout the application process, I was not asked on any occasion about CCJ's, Bankruptcy or anything to that effect. After paying the deposit and providing documents they requested, then paying the first months premium, they emailed out of the blue asking me to call them. I was then told that they could no longer insure me as they had done checks (32 days after inception) and was advised this was with immediate affect. To rub salt in the wound, I was then told I owed them almost £200!!
£200 was the total amount owed for the number of days on cover with cancellation fees. This is after paying the deposit plus the first month. The policy total price with legal protection and breakdown cover amounted to £330. They wouldn't accept an offer to pay in full. I would think that would rid them of any risk regards payments.
That is really bad of them - I hope you have managed to source something else.
Shouldn't be cancellation fees as they are the ones who did it!
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
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 always check the comparison sites first then ring the top result direct. They always ask for additional info. As I mentioned previously, they asked nothing about CCJ's, bankruptcy or IVA's. They told me they would check my credit file as part of the application and approved it there and then.
Can anyone recommend an insurer who does frown upon IVA's? I'm pretty disappointed with the company that set up my IVA as they assured me that nothing like this would happen.
I was insured through Direct Line all through my IVA -- but was with them before the IVA began.
No blame can be placed on your IVA provider -- they cannot be held responsible for a short sighted, discriminatory, internal policy of individual companies.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014