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Auxillis Credit Hire
My car was damaged by a lorry when parked outside my house. I called the number on my insurance website (Adrian Flux) to report it and it turned out to be Auxillis.
I was strongly encouraged to take out a credit hire agreement with them, even though the 3rd party had admitted liability and provided their insurance details.
I was explicitly told by Auxillis that there would not be a credit agreement in my name, nor would my credit rating be affected. This doesn't sound right to me - is there anyone can confirm?
I hate these companies. Their sole objective is to make money by providing you with a car which is far above 'like for like', and all that happens is that everyone's premiums increase as a result.
I was strongly encouraged to take out a credit hire agreement with them, even though the 3rd party had admitted liability and provided their insurance details.
I was explicitly told by Auxillis that there would not be a credit agreement in my name, nor would my credit rating be affected. This doesn't sound right to me - is there anyone can confirm?
I hate these companies. Their sole objective is to make money by providing you with a car which is far above 'like for like', and all that happens is that everyone's premiums increase as a result.
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Comments
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You are NOT insured with Adrian Flux - They are an insurance broker so yes you are right to be wary. Check your documentation that will tell you who YOU ARE insured with.
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Yes, I'm with ERS apparently.
To my question, though, with Credit Hire is the agreement in my name and would it impact my credit rating?0 -
It doesn't affect your credit rating but it's a CREDIT hire agreement, they're giving you a vehicle to drive on CREDIT, i.e. they defer their charges, when the claim is settled they will get their money, because you cannot afford to pay to hire a vehicle yourself. But ultimately you're liable for their charges if the other side insurer don't pay.
As it's a non fault accident you're likely to get your CREDIT hire charges back but .....
If the other driver admitted their fault then ask their insurer for a courtesy vehicle, that way there's no risk of CREDIT hire.
Or if you have courtesy vehicle cover as an addition to your insurance policy ask them for a vehicle.0 -
MrPez said:To my question, though, with Credit Hire is the agreement in my name and would it impact my credit rating?MrPez said:I hate these companies. Their sole objective is to make money by providing you with a car which is far above 'like for like', and all that happens is that everyone's premiums increase as a result.
They do unfortunately fulfill a need for those that buy cheap insurance that doesnt meet their requirements (see thread on here earlier today who needs a car but didnt buy the guaranteed courtesy car option and is now without - a poor example possibly as the credit hire company wouldnt take it on as liability isnt clear cut). Their rates are high and yes ultimately insurance premiums increase to cover them.0 -
MrPez said:
I hate these companies. Their sole objective is to make money by providing you with a car which is far above 'like for like', and all that happens is that everyone's premiums increase as a result.
Even the insurers are in on it with their own claim management companies, offering credit hire and charging a success fee at the end.
Yes, there are high costs for claims but a lot of the time the insurers contribute for that.0
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