Car Insurance on credit file

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Post by jayne270 » Thu Nov 08, 2018 5:19 pm
Since my IVA ended I have been gradually increasing my credit score and cleaning up my credit file but today had an alert from Noddle. When I checked they have added my recent car insurance purchase (paying monthly instalments) to the "personal loans and mortgages" section of my report which now looks like I have taken out another loan! This has never happened before and just wondered if anyone else has experienced this and did they do anything about it. Do I ignore it because it's only Noddle or is this likely to also be on the main credit reports from Experian etc? Thanks in advance for any advice.


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Post by Foggy » Thu Nov 08, 2018 6:12 pm
It will appear on whichever of the agencies the insurance loan provider reports to. It quite possibly could be a loan in the traditional sense as that is how some insurers fund monthly payment policies. They have been paid the full policy, up front, by the loan provider, who you are now paying by monthly installments.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by kallis3 » Thu Nov 08, 2018 6:16 pm
Nothing to worry about.
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.
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