Help & FAQs    Search BCF    Members    Groups    Events Calendar
Resend my activation email : Register : Log in 
BCF: Bike Chat Forums


paying for insurance by direct debit

 Reply to topic
Bike Chat Forums Index -> Dear Auntie BCF...
View previous topic : View next topic  
Author Message

twostroketit
Spanner Monkey



Joined: 02 Dec 2008
Karma :
PostPosted: 20:56 - 28 Dec 2008    Post subject: paying for insurance by direct debit Reply with quote
hi everybody, i've been paying my car insurance by instalments,paid by direct debit. Earlier this month my bank didn't pay an instalment(they charged me £8 for this)
the credit company then charged me £25 on top of the instalment of £24 because i hadn't paid.
i was unable to pay any of this due to having absolutely no money, i received a letter from the credit company on christmas eve telling me i had to set up a new direct debit before december 31 or they could cancel my insurance. I should explain that i got my bank account frozen last week because i was so overdrawn(most of it was bank charges)
my question is do i have to pay by direct debit,i have a letter from the credit company implying this and what sort of penalty would i get if i cancel my insurance. thanks in advance,
____________________
sup up your beer and collect your fags
 Back to top
View user's profile Send private message You must be logged in to rate posts

iooi
Super Spammer



Joined: 14 Jan 2007
Karma :
PostPosted: 21:14 - 28 Dec 2008    Post subject: Reply with quote
Quite simple really, either pay it or they will cancel it for you. Of course you will need to find out what the cancelation terms are, as you may end up owing money to the insurance company as well as the credit company.

You need to start talking to both the bank and the credit co.
I guess as the bank have frozen the account this is not the 1st time you have been in this situation.
____________________
Just because my bike was A DIVVY, does not mean i am......
 Back to top
View user's profile Send private message You must be logged in to rate posts

twostroketit
Spanner Monkey



Joined: 02 Dec 2008
Karma :
PostPosted: 21:31 - 28 Dec 2008    Post subject: Reply with quote
i went to the CAB and they suggested getting my account frozen because i had zero money going into it. it is the first time i've been in this situation.
i was given some money at xmas, so i could get a relative to pay by cheque for me, but does it have to be by direct debit?
____________________
sup up your beer and collect your fags
 Back to top
View user's profile Send private message You must be logged in to rate posts

MattHirst
World Chat Champion



Joined: 25 Jun 2006
Karma :
PostPosted: 03:16 - 29 Dec 2008    Post subject: Reply with quote
twostroketit wrote:
i went to the CAB and they suggested getting my account frozen because i had zero money going into it. it is the first time i've been in this situation.
i was given some money at xmas, so i could get a relative to pay by cheque for me, but does it have to be by direct debit?


I wouldn't have thought so, as long as they get their money they don't care.

I am not a finacial boffin or anything but unless you have kids or what not then why not sell your bike/car. You obviously don't need it for a job and it is costing you unessecary money.
____________________
It's all fun and games until someone gets hurt, then it's bloody hilarious!!!
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

iooi
Super Spammer



Joined: 14 Jan 2007
Karma :
PostPosted: 06:20 - 29 Dec 2008    Post subject: Reply with quote
twostroketit wrote:
i went to the CAB and they suggested getting my account frozen because i had zero money going into it. it is the first time i've been in this situation.
i was given some money at xmas, so i could get a relative to pay by cheque for me, but does it have to be by direct debit?



Talk to the credit co and see if they will take other payment methods.
Just don't give them your, or anyone else's debit/credit card numbers.
Also have a nice talk with the bank, if it really is the 1st time they may agree to waive the fee's, or at least some of them. You will have to talk really nicely and grovel a bit.
Also sort out getting some money into the account fast to get it back in the black.
I would also agree with Matt, get rid of something you don't really need till you get a regular income and can afford to pay for it.
____________________
Just because my bike was A DIVVY, does not mean i am......
 Back to top
View user's profile Send private message You must be logged in to rate posts

twostroketit
Spanner Monkey



Joined: 02 Dec 2008
Karma :
PostPosted: 14:06 - 29 Dec 2008    Post subject: Reply with quote
ok thanks everyone,i've got it sorted now.I'm paying with a cheque. i can't get rid of my car cause i live in the middle of nowhere and i'm going to need it to get to work. there is no public transport around here at all.
____________________
sup up your beer and collect your fags
 Back to top
View user's profile Send private message You must be logged in to rate posts
Old Thread Alert!

The last post was made 17 years, 54 days ago. Instead of replying here, would creating a new thread be more useful?
  Display posts from previous:   
This page may contain affiliate links, which means we may earn a small commission if a visitor clicks through and makes a purchase. By clicking on an affiliate link, you accept that third-party cookies will be set.

Post new topic   Reply to topic    Bike Chat Forums Index -> Dear Auntie BCF... All times are GMT
Page 1 of 1

 
 You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

Read the Terms of Use! - Powered by phpBB © phpBB Group
 
Debug Mode: ON - Server: birks (www) - Page Generation Time: 0.06 Sec - Server Load: 0.94 - MySQL Queries: 17 - Page Size: 51.69 Kb