« previous next »
Pages: [1] 2

Author Topic: Pay monthy, credit checks.  (Read 2925 times)

Offline Madmax

  • I live here
  • *****
  • Posts: 612
Pay monthy, credit checks.
« on: 12 August 2009, 19:37 »
Back in my teens i went a bit mad & got into a bit of debt, not much but i'm still paying it off now. never been bankrupt of had CCJs
just direct debits not clearing on time etc. :lipsrsealed:

That said, will an insurance company insure me to pay monthly as i know they do a credit check but is this credit check as in depth as say
getting a loan?

Cheers people  :smiley:
Logged

Offline dirtydub

  • GTI forum regular
  • ***
  • Posts: 115
Re: Pay monthy, credit checks.
« Reply #1 on: 14 August 2009, 12:22 »
Hi mate ive been there. Not nice havin to pay it all back  :sick:
Ive had a few insurance policys on pay monthly and never had a problem. Guess it depends how naughty u were  :smiley:
Logged
Rich

'86 golf gti 8v k-jet project up and running :)

Offline Horney

  • 10k hero
  • *
  • Posts: 10,782
  • Racing, Trackdays, Starwars.
Re: Pay monthy, credit checks.
« Reply #2 on: 14 August 2009, 12:34 »
They tend to be less picky with insurance as if you miss a payment they just cancel your policy and sometimes even report you to the police for no insurance. It's not like they're selling you something you could keep or sell on, it's just a bit of paper.

nick
Logged

Offline Madmax

  • I live here
  • *****
  • Posts: 612
Re: Pay monthy, credit checks.
« Reply #3 on: 14 August 2009, 13:39 »
Cheers fellas.

& yes paying back does suck. :evil:
Logged

Offline martinb

  • Forum Supporter
  • I live here
  • *****
  • Posts: 1,618
Re: Pay monthy, credit checks.
« Reply #4 on: 18 August 2009, 12:29 »
unlikely to be a problem  :smiley:
Logged

Offline Mikester

  • Forum addict
  • *
  • Posts: 6,427
  • Civic Type R
Re: Pay monthy, credit checks.
« Reply #5 on: 18 August 2009, 22:54 »
Im with HIC, and paymonthly.

Think its something stupid like 27% interest.

But if you aint got the cash, and you need insurance. What do you do.
Logged

Offline Wayne

  • Sir Postalot
  • *
  • Posts: 32,051
Re: Pay monthy, credit checks.
« Reply #6 on: 19 August 2009, 13:55 »
Quote from: Mikester on 18 August 2009, 22:54
Im with HIC, and paymonthly.

Think its something stupid like 27% interest.

But if you aint got the cash, and you need insurance. What do you do.

Mine is the same with the AA, was stuck for funds at the time.
Logged

Offline AlanD

  • Serious forum addict
  • *
  • Posts: 9,946
  • MK5 2.0T 16v
Re: Pay monthy, credit checks.
« Reply #7 on: 19 August 2009, 13:56 »
6 months interest free credit card? Gives you 6 months to get the cash together. If you still dont have the money get another card with interest free and transfer the balance. . . .
Logged

Offline Madmax

  • I live here
  • *****
  • Posts: 612
Re: Pay monthy, credit checks.
« Reply #8 on: 21 August 2009, 21:20 »
Cheers guys. Got insured in the end & i don't think they did a credit check. :smiley:
Logged

Offline damien010685

  • I live here
  • *****
  • Posts: 1,513
Re: Pay monthy, credit checks.
« Reply #9 on: 22 August 2009, 10:20 »
My mate works for Direct Line he told me that the credit check is more of a formality... The main check is fraud ie if you have commited insurance fraud but as far as being crap with money lol they dont care as its pretty simple miss payments The cancel your policy so no biggy to them! however some companies APR for monthly installments are a disgrace even as much as 35% Yikes
Logged
Pages: [1] 2
« previous next »