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 Can I get monthly insurance for my car if I am br?
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care2
Starting Member



4 Posts

Posted - 20 August 2009 :  22:04:12  Show Profile  Visit care2's Homepage  Reply with Quote
Can I get monthly insurance for my car if I am br?

gettingoutofdebt
forum expert



2418 Posts

Posted - 21 August 2009 :  07:20:21  Show Profile  Reply with Quote
You are obliged to tell creditors if you are obtaining credit of more than £500 when BR so if your yearly insurance cost is more than this you will have to tell them.

Some insurance companies will check the insolvency register and do a credit check so the chances of them accepting you for monthly repayments is slim.

I don't have any experience of paying monthly for car insurance when BR but I am sure others do and will let you know if they have done this with any companies.
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Jane.l
Average Member

511 Posts

Posted - 21 August 2009 :  09:26:27  Show Profile  Reply with Quote
I had no problems, I pay mine monthly, they did not ask about bankruptcy
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Housing
Senior Member



United Kingdom
1399 Posts

Posted - 21 August 2009 :  09:29:50  Show Profile  Reply with Quote
Hi Care 2

Most people, BR or not, pay by monthly instalments - should not be a problem for you

Richard

"There are no problems - only solutions..."
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Skippy
forum expert



United Kingdom
3290 Posts

Posted - 21 August 2009 :  09:43:43  Show Profile  Reply with Quote
I had to pay my insurance up front this year as the Co-op credit checked me and obviously I failed. It didn't really matter though as it was so much cheaper than Churchill - I saved nearly £150.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

25 IPA payments made, 11 to go - on the home straight!
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