unsigned credit agreement - help!

blakk

Hi,
A while ago I had a problem with my monthly direct debit for my car insurance and the finance company didnt receive the money. Also I had moved, due to a fall out with the people I lived with when the policy was set up and forgotten to change my address with the insurance company. Both the finance company and the insurance people wrote to my old address warning me if the payment wasnt made within a week, all would be cancelled. Unfortunately the people I had been living with didnt forward my mail until way after the deadline.
I spoke to my insurance company to see if anything could be done but they said 'no' and also that because i was several months into the policy, that I still owed the rest of the years payments to the finance, which totalled £480! I questioned how they could demand this and was told it was in the small print of the credit agreement. Now, the thing is I never signed or returned the credit agreement (I was actually fined £10 for not returning it!), so am i liable for a debt that relies on small print of a contract i never signed? Please help!
Nick

jonesMUFCforever

Yes you are liable.
I take it you signed up for the policy on the internet? If so you would have signed electronically for the contract and it was your responsibility to update your address.
I know it sounds tough but you will have to cough up IMO and on top of that will have to declare on all future insurance applications that you have had insurance cancelled.

Caz3121

did the car not move with you? - you will probably find the premium will have changed (up or down) with your new address

mynameistallulah

Caz3121 wrote: »

did the car not move with you? - you will probably find the premium will have changed (up or down) with your new address

And it sounds like he forgot to advise them of this pretty fundamental change in circumstances!

Should I not be surprised that those who do not read contracts, are also the people that do not read other forum posts, where this question has been answered countless times?

blakk

mynameistallulah wrote: »

And it sounds like he forgot to advise them of this pretty fundamental change in circumstances!

Should I not be surprised that those who do not read contracts, are also the people that do not read other forum posts, where this question has been answered countless times?

Hey, thanks for the sarcasm... just what I needed!

Apples2

The full £480 was due up front to cover the years driving. The Insurance company simply allowed you to drip feed them the money (for a small fee of course!).
Arguably, someone has already given them the money for your Insurance at the start, they will still want it back.

I'm not sure how a house move coincided with a failed DD though.

chanz4

Apples2 wrote: »

The full £480 was due up front to cover the years driving. The Insurance company simply allowed you to drip feed them the money (for a small fee of course!).
Arguably, someone has already given them the money for your Insurance at the start, they will still want it back.

I'm not sure how a house move coincided with a failed DD though.

he had no cash

Apples2

chanz4 wrote: »

he had no cash

Ah, so not receiving the letter is of no relevance if he couldn't have addressed the demand anyway.

chanz4

not the point though, op isnt an adult so cant take any responsability

MonkeyMad

If you were an insurance company and you thought someone was going to attempt to stiff you with a 'I didn't sign the credit agreement line' would you:

/1/ Refuse credit in future
/2/ Become more interested in the fact they didn't tell you they had moved which may have materially affected the policy
/3/ Refuse insurance in future
/4/ Share details of previous insurance and refusals when asked by future insurers
/5/ All of the above