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Insurance reporting to Credit Ref Agency
clark1982
Posts: 245 Forumite
Hi,
I've just taken out a home insurance policy with Royal SunAlliance.
The premium is paid monthly. They make refrence to reporting the conduct of the account to a credit ref agency.
Is this true?
Thanks
I've just taken out a home insurance policy with Royal SunAlliance.
The premium is paid monthly. They make refrence to reporting the conduct of the account to a credit ref agency.
Is this true?
Thanks
The views expressed on this website, be they in text, pictures or sound, are my own personal views. Not those of my employer, its staff or colleagues.
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Comments
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I seem to remember that RSA do a credit check when you take a quote/policy. I do not believe that it is visible to other searches though. I could be wrong.0
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If you enter an agreement to pay over 12 months rather than up front then it is quite likely that they will.0
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Household insurance is an annual contract. If you cannot pay annually, then most providers allow a monthly option and these are usually treated as credit agreements. Some do not charge interest but some do.
It is more a case of increasing rules and regulation requiring more disclosure rather than something new happening.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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