This is an interesting one regarding insurance. I recently renewed my car insurance with m&s and prior to doing this used a number of comparison sites. When i checked my noddle credit report it shows all the companies that have recently made searches on my credit report. Now if i was to go in to a bank and ask for a loan then the computer would search my credit file and see that i have an ongoing insolvency (IVA) and say NO!
So if it is that important for an insurance company to know if i am insolvent then they can surely see this from my credit report. I might be wrong but i fail to see how something that is so freely available (Insolvency register) can be seen as matter of fact.
Insurers will use any little loop hole not to pay so we have to be on our guard! It is ridiculous tho....teenage boys are factually likely to be more involved in accidents yet their car insurance can't reflect this because it is gender discrimination...people in ivas can be penalised because there is a prejudiced and unproven view that we would falsify claims and this is allowed. I don't like the rules but would urge everyone to check with their insurers.
