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    • Olieng
    • By Olieng 17th May 17, 12:57 PM
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    Olieng
    Annual or monthly insurance?
    • #1
    • 17th May 17, 12:57 PM
    Annual or monthly insurance? 17th May 17 at 12:57 PM
    Hi
    I was made bankrupt in 07/12, discharged 07/13.
    Since then I have had a basic current account with Nationwide a credit card from Vanquis and a Utility package from Virgin. All have been kept up to date and no payments missed to try to build up credit rating.
    I have always paid car insurance in one annual payment because I don't want to get refused with a search on file. Question is: If I applied for monthly payment and was granted, would this be seen in 13+ months time, as a loan that was paid without any missed payments, thus helping my cause, or would it not show, so I would be just paying charges without any gain?

    I can afford both options comfortably.

    Thanks
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