Home insurance and previous debt

Idlebysea
Idlebysea Posts: 9 Forumite
Name Dropper First Post
edited 22 February at 3:07PM in Insurance & life assurance
My house insurance is up for renewal,  my current insurer has increased my premium too much so I am shopping around.

I used the comparison site and got a very good quote with an Insurance co But, in 2020 in the lockdown period I defaulted on a  credit card. I was put on a repayment plan initially. They have since sold the debt to a debt company,  and I have continued on same repayment plan. 

Would anyone know if this default on my credit card result in a rejected house insurance policy?



Thank you


Comments

  • DullGreyGuy
    DullGreyGuy Posts: 17,671 Forumite
    10,000 Posts Second Anniversary Name Dropper
    In principle it could, though much less likely now that Tesco Bank is owned by Barclays whereas Tesco Finance, which its insurance arm sits in, is still part of the Tesco group. 

    More likely, though still unlikely, is that they wouldn't allow you to pay in instalments given your prior not keeping to payment terms. 
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