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Will my car insurance continue as normal?

keepmyhouse
keepmyhouse Posts: 134 Forumite
in Bankruptcy & living with it
I am with tesco for car ins, will they let me continue, I pay 56 a month always been on time. I need the car for work

Thanks

Comments

  • jellygirl_2
    jellygirl_2 Posts: 491 Forumite
    Me too - Im with Sheilas Wheels and pay monthly - never missed a payment.
    :j Goodbye debt - Hello sanity! :j
  • nicky_s_2
    nicky_s_2 Posts: 92 Forumite
    I would have thought it would carry on as normal, but don't take my word for it. You may have more of a problem if you want to shop around for a better deal, but again, someone may come along with better advice. I'm pretty new to this myself:D
    Target July Grocery Challenge: £350
    Target so far:£83.56
  • TehRoflcopterz
    TehRoflcopterz Posts: 60 Forumite
    If you're paying monthly, surely that'll be classed as a credit agreement, and therefore subject to the £500 limit? At £56pcm you're going to be over that limit...!

    It'll be best to inform them of your BR to be on the safe side, and find out what your options are.
    :j BR on 09/12/08 :j
    :T OR Interview (30 minutes!) on 19/01/09 :T
    :beer: Car confirmed (in writing) as Exempt Property on 29/01/09 :beer:
    :j Automatically Discharged on 09/12/09 :j
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No need to inform them or anyone about your BR just carry on paying your DD's as normal. Sky, internet, utilities, phone, the lot just carry on paying them as you would normally.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • TehRoflcopterz
    TehRoflcopterz Posts: 60 Forumite
    Sorry for (my) confusion (I misread it as regarding renewing car insurance),

    what I am after clarification on is when you renew your car insurance, (even with the same insurance company) and you opt to pay by installments, that's technically "taking out a credit agreement", and therefore would be subject to the mentioned restrictions?
    :j BR on 09/12/08 :j
    :T OR Interview (30 minutes!) on 19/01/09 :T
    :beer: Car confirmed (in writing) as Exempt Property on 29/01/09 :beer:
    :j Automatically Discharged on 09/12/09 :j
This discussion has been closed.
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