my hubby has acquired a motorbike from a friend and would like to get some insurance I have gotten a quote but it states that we must pass a credit check which is 100% not going to happen!!
The insurance premiums will be £10 per month. Will this effect our IVA at all? or should he just not use this bike. its 20 years old anyway.
They usually only check to make sure your details are ok.
You are fine paying it monthly and it won't affect your IVA.
Is there anyone who could pay upfront for you and then you pay them back?
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
What I meant to say was, you pay them the monthly premium.
I do know where you are coming from though - mine no nothing at all so we have to sort everything ourselves.
See how it goes with the insurance company.
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
That's what I do with my car insurance - my uncle pays it up front and I pay him back monthly. It means I get a better deal as I don't pay any extra and gives me a wider choice of insurers as I don't have to worry about a credit check!
we got car insurance and house insurance ok recently. but i think i would be disgusted if I didn't pass the check. I really don't to insure it but its been his dream and would free up the car for my use to work etc instead of buses and relying on my dad.
I've just read my previous post and my spelling was atrocious!
I agree with Lesley, if it's his dream and you can have the car then go for 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
