Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • Olieng
    • By Olieng 17th May 17, 12:57 PM
    • 2Posts
    • 0Thanks
    Annual or monthly insurance?
    • #1
    • 17th May 17, 12:57 PM
    Annual or monthly insurance? 17th May 17 at 12:57 PM
    I was made bankrupt in 07/12, discharged 07/13.
    Since then I have had a basic current account with Nationwide a credit card from Vanquis and a Utility package from Virgin. All have been kept up to date and no payments missed to try to build up credit rating.
    I have always paid car insurance in one annual payment because I don't want to get refused with a search on file. Question is: If I applied for monthly payment and was granted, would this be seen in 13+ months time, as a loan that was paid without any missed payments, thus helping my cause, or would it not show, so I would be just paying charges without any gain?

    I can afford both options comfortably.

Page 1
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

767Posts Today

7,352Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin