Car insurance and bad credit

sweetipie92

Right bit of a long story,

I think my credit score is a little damaged, im on a DMP but i do only beleive i have 2 defaults... i got a contract phone the other day from vodafone suggesting my credit score isnt to bad!

but im looking to buy a new car next week but the only way i can pay insurance is via pay monthly... the company im looking at is admiral... could anyone teell me if there will be any problems in gaining insurance with admiral monthly?

Thanks

talulah25

Dont know for definite about Admiral specifically but I should think you'll be fine

InsideInsurance

Insurers dont tend to credit check for the purposes of if to offer DDs or not. Many are starting to use it as a rating factor however so a poor credit score can result in an increase in premium (basically a fraud risk).

fruityfairy

InsideInsurance wrote: »

Insurers dont tend to credit check for the purposes of if to offer DDs or not. Many are starting to use it as a rating factor however so a poor credit score can result in an increase in premium (basically a fraud risk).

Is that why I had like 20 credit checks on my credit report? There were all from companies I have never actually took out a policy with, but from searches on confused.com. I now use a false name & DOB when searching comparison sites.

dunstonh

Most small credit transactions operate a floor limit arrangement that get auto accepted as long as the annual cost is below their limit.

Confused.com do credit checks and ID checks.

scheming_gypsy

My credit score is all over the place and not had a problem with monthly payments on my insurance, but Admiral wouldn't let me do monthly payments when I was going to use them.

fruityfairy

scheming_gypsy wrote: »

My credit score is all over the place and not had a problem with monthly payments on my insurance, but Admiral wouldn't let me do monthly payments when I was going to use them.

When my OH got a quote from them it did not show and option to pay monthly, just said it is not available. So he called them and they sorted the policy & payment plan over the phone.

InsideInsurance

fruityfairy wrote: »

Is that why I had like 20 credit checks on my credit report? There were all from companies I have never actually took out a policy with, but from searches on confused.com. I now use a false name & DOB when searching comparison sites.

If you were going directly to them then yes, though the names against the searches should tell you that. If you were going through an aggregator like Confused.com then no as confused themselves do a scoring and not the insurers/ brokers on their panel.

sweetipie92

Sorry for sounding a bit blunt but i havent really had any yes or no's ?


Who rekons yes and who has had experience of this

scheming_gypsy

fruityfairy wrote: »

When my OH got a quote from them it did not show and option to pay monthly, just said it is not available. So he called them and they sorted the policy & payment plan over the phone.

it was when i phoned them that they said they wouldn't do it.

scheming_gypsy

sweetipie92 wrote: »

Sorry for sounding a bit blunt but i havent really had any yes or no's ?


Who rekons yes and who has had experience of this

you won't get any yes or no's on whether you'll be ok. I've answered with my experience but if you want a definite answer about your own insurance you'll have to phone them up.