We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Renewed Home Insurance - Hard Credit Check
N20Y1D
Posts: 2,061 Forumite
I just noticed I've had a hard credit check from my insurer for renewing my home insurance.
Is this usual - I paid monthly last year and am doing so again this time.
Is this usual - I paid monthly last year and am doing so again this time.
TESCO EVERY LITTLE change to the t&cs HELPS
0
Comments
-
Paying monthly is usually a credit agreement so a hard check may be carried out, not that unusual.2
-
Little miffed that they didnt mention it - even spoke to them on the phone. Would have paid up front had I known... Live and learn I guessAyr_Rage said:Paying monthly is usually a credit agreement so a hard check may be carried out, not that unusual.TESCO EVERY LITTLE change to the t&cs HELPS0 -
All monthly payments for insurance are loans - the firm pays it and you repay them, that's why you have to pay up to the end of the contract in the event of a crash and write off for exampleN20Y1D said:
Little miffed that they didnt mention it - even spoke to them on the phone. Would have paid up front had I known... Live and learn I guessAyr_Rage said:Paying monthly is usually a credit agreement so a hard check may be carried out, not that unusual.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards