I am fuming

[Christhecaravanner84]

I was in a spot of bother financially four or five years ago and ended up with a couple of CCJs. Both are satisfied and due to come off in the next couple of years. I've had a couple of companies decline me which means now I'm having to say that I've had insurance declined when applying to other companies. Might be getting some luck out of Towergate but they want to discuss on the phone.

My question, WHAT THE FLIP does a satisfied and nearly expired CCJ have to do with caravan insurance when I am prepared to pay up-front for the year?! I've never had this issue applying for car insurance and I pay that monthly.

Has anyone else had to deal with this ridiculous situation?

 

[ProfJohnL]

Unfortunately al I can point to is the answer you have already given in your post

" nearly expired CCJ "

The fact it hasn't yet expired means its still of financial interest, and most companies (not just insurers) are take such matters into consideration. I don't know whether its a legal requirement or just a company policy, but in either case I think it's something you need to discuss with them.

 

[JezzerB]

The world of credit and risk really annoys me. Huge companies make fortunes about knowing our money data to the nth degree with access to it all, charge us to see it ourselves and so much rests on it. We had Curry's mess up a loan and not close it when we paid it off. Interest free which reverted to interest at the end. No info was sent to us for quite a few years so for about £1.30 we got a note on our credit file causing us mortgage hassle down the line. We proved their mistake but only found out due to applying for a mortgage or it may have got worse. By the time they did let us know they reckoned they wanted over£300 interest and missed fees. Took me a while to prove their error and getting the note off our credit file was a real battle with me threatening them with the FCA which finally did the trick. V stressful . Had similar with cancelling a mobile phone contract which they didn't do. It's a disgrace imo.

 

[JTQ]

Here though surely there is no suggestion of an error, just an issue not yet run its due time?

 

[JezzerB]

Totally agree, I presume insurance companies offer credit and it'll sadly be something to do with the fact that if you have a CCJ against you , you may well be deemed a greater risk? Stupid, and a bit like the fact that have a no fault accident , even sitting in a car park and ins companies deem to think you're at greater risk-madness but that is another thread!!!

 

[Dustydog]

Have you spoken to the two Clubs insurance departments? Sadly a lot on Insurers view CCJs as a moral hazard. They download this into their computer which automatically declines cover when you answer yes. Speaking to a human normally helps.

 

[Christhecaravanner84]

I’m going to speak to a few today. Can’t see the issue. They want to sell insurance, I want to buy it and I have the money to pay for it upfront. If I can’t insure it, I can’t store it so can’t buy it.

 

[Buckman]

I’m going to speak to a few today. Can’t see the issue. They want to sell insurance, I want to buy it and I have the money to pay for it upfront. If I can’t insure it, I can’t store it so can’t buy it.

Besides the two clubs have you tried Ripe Insurance or Myinsurance?

 

[Christhecaravanner84]

Had one "computer says no", but now I've managed to get cover through Amtrust @ £176 /year even after telling them about the CCJs. This was one of my best quotes I got. No longer fuming.. It was just very stressful getting all these declines, I was worried sick about it that I was going to have to forfeit everything I've paid so far... Nothing like talking to a human being.

 

[woodsieboy]

Had a similar problem with HSBC, we wanted to move business account to Lloyds, HSBC gave a settlement figure to Lloyds for our domestic mortgage, because we then said it was business finance not domestic, they left a note against our domestic mortgage, showing as default, even though we made overpayments on the domestic mortgage. it didn't matter what I did to convince them it was their fault at HSBC they were having none of it, fortunately in those days we had a proper Lloyds manager, who allowed us pretty much a free hand with our business finances, as long as we kept in touch with him. We paid the HSBC domestic mortgage off and they wrote to us explaining that we had overpaid, as if we didn't know, and refunded the overpayment. Currently have an HSBC business current account with less than £100 balance, they constantly contact us offering us loans and finance, only satisfaction is that it is costing them to keep the account open, rest of business still with Lloyds although we don't have a manager now, they say we don't need one. My point is that the financial institutions are governed by the computer says no when it comes to credit, as Chris the caravanner has found, there are ways around it , sometimes needs a bit of creative thinking and finding the person in the organisation that is sympathetic to your needs.

 

[otherclive]

Had one "computer says no", but now I've managed to get cover through Amtrust @ £176 /year even after telling them about the CCJs. This was one of my best quotes I got. No longer fuming.. It was just very stressful getting all these declines, I was worried sick about it that I was going to have to forfeit everything I've paid so far... Nothing like talking to a human being.

Glad you have got it resolved.
Our daughter had a major problem when her last husband left. He carried the debts but they were recorded against our daughters address. He was an HGV long distance driver at the time and for 12 months after he left he had no other recorded address, just stayed with his mum, or friends. It took a lot of phoning, letter writing etc and the FCA were helpful.

 

[Buckman]

Had one "computer says no", but now I've managed to get cover through Amtrust @ £176 /year even after telling them about the CCJs. This was one of my best quotes I got. No longer fuming.. It was just very stressful getting all these declines, I was worried sick about it that I was going to have to forfeit everything I've paid so far... Nothing like talking to a human being.

Doing quotes Online you will get rejections as the computer system just lumps them altogether. Better to speak to a human being as we found out recently regarding a DD.

 

[Jcloughie]

Glad its all sorted Chris. I agree it is just madness do instigate a credit check for a product when you are not asking for credit. If you went into Curry's for a washing machine and paid cash you will walk out with the washing machine. It is their loss.

John

 

[RogerL]

Glad its all sorted Chris. I agree it is just madness do instigate a credit check for a product when you are not asking for credit. If you went into Curry's for a washing machine and paid cash you will walk out with the washing machine. It is their loss.

John

Unlike a washing machine, insurance is based on risk - and statistically the better a proposer's credit rating the lower the risk so lower premiums - and vice-versa for lower credit ratings

 

[Jcloughie]

Unlike a washing machine, insurance is based on risk - and statistically the better a proposer's credit rating the lower the risk so lower premiums - and vice-versa for lower credit ratings

And the day after the ccj is cleared they no longer pose a risk!! Luckily not all companies are as governed by the stats as demonstrated by the OP. We remember what Churchill said about them.

It would seem that credit rating can be affected by illogical reasons. I believe I may have a poor rating simply because I have not had credit for about 15 years. Also, what’s that advert on the telly suggesting you can boost your rating by playing games.

John

 

[otherclive]

And the day after the ccj is cleared they no longer pose a risk!! Luckily not all companies are as governed by the stats as demonstrated by the OP. We remember what Churchill said about them.

It would seem that credit rating can be affected by illogical reasons. I believe I may have a poor rating simply because I have not had credit for about 15 years. Also, what’s that advert on the telly suggesting you can boost your rating by playing games.

John

My wife couldn’t buy a VCR on interest free credit as she had no credit rating. She just paid it there and then with cash. A loan in 2017 would have the interest rate doubled had my wife been added to make it a joint loan. She now has credit cards and a personal bank account. A friend who is dying of mesothelioma has been ensuring that his wife now has bank accounts, phone accounts, car, insurances etc all in her name in order to simplify things when he dies. If you don’t have some of these things you are a “ nonentity “ in the eyes of the finance world, and dealing with them is a nightmare.

 

[JTQ]

It would seem that credit rating can be affected by illogical reasons. I believe I may have a poor rating simply because I have not had credit for about 15 years.

Quite arguably that example is anything but "illogical", with no credit "history" you also come with "zero history" of being a good risk.

Insurance is nothing but a game based on statistics, with no statistics to base it on is yet another statistic they need to consider the associated statistic of!

 

[otherclive]

And the day after the ccj is cleared they no longer pose a risk!! Luckily not all companies are as governed by the stats as demonstrated by the OP. We remember what Churchill said about them.

It would seem that credit rating can be affected by illogical reasons. I believe I may have a poor rating simply because I have not had credit for about 15 years. Also, what’s that advert on the telly suggesting you can boost your rating by playing games.

John

You can check your rating for free on some of the rating company websites. But having mobile phones will contribute, as will use of a credit card even if you pay the bill off each month.

 

[Jcloughie]

I agree with the above three posts in the sense that this is how things are. No dispute there. Just not sure that the system always works for the user. But it’s not a fair world.

By the way, I lied in an earlier post. Although I don’t have credit in the sense of purchasing a major product. But I do pay my insurance monthly which involves interest. Rates and Power are also paid monthly, but I don’t think they would be classed as credit.


John

 

[RogerL]

And the day after the ccj is cleared they no longer pose a risk!! Luckily not all companies are as governed by the stats as demonstrated by the OP. We remember what Churchill said about them.

It would seem that credit rating can be affected by illogical reasons. I believe I may have a poor rating simply because I have not had credit for about 15 years. Also, what’s that advert on the telly suggesting you can boost your rating by playing games.

John

All insurance companies are governed by the stats - some focus on higher risk groups with appropriate premiums - my son is a manager for a car insurer who specialise in younger, high risk drivers and those with poor credit ratings but their monthly premiums are eye-watering.

I understand your point about poor credit rating because you don't use credit - mine only improved when I took out a PCP to buy my car, solely to get the £5,000 manufacturer contribution - I paid it off in full after a few weeks.

 

[RogerL]

I agree with the above three posts in the sense that this is how things are. No dispute there. Just not sure that the system always works for the user. But it’s not a fair world.

By the way, I lied in an earlier post. Although I don’t have credit in the sense of purchasing a major product. But I do pay my insurance monthly which involves interest. Rates and Power are also paid monthly, but I don’t think they would be classed as credit.


John

Council Tax and Energy accounts may not be credit in a direct sense but they do form part of your credit history and can affect your credit rating.

 

[Christhecaravanner84]

The first time I have ever encountered this has been with caravan insurance. Like I said, even at the time immediately after the CCJs, I had no issues getting car insurance on a monthly basis with a hard credit file search. Is it perhaps because I'm perceived more likely to do an insurance job on my caravan than my car because I need the latter every day? God only knows. Next time I will be making phone calls.

 

[JezzerB]

Probably , it's that stupid, sadly the world we live in!

 

[Buckman]

Sometimes it is good to using HP on an expensive item like a car or caravan as the finance house own it until paid off. If you have issues with warranty repairs etc under CRA 2015 it is the responsibility of the finance house to resolve the issue as they are the supplier.

 

[Raywood]

It may be the companies you have been turned down by were not giving you the credit themselves but were using a credit company to sell you a loan for the premium and they would have done the credit check and you would not fit their criteria. Can you say how you applied for insurance, was it a comparison site or did you go to individual insurance companies.
On comparison sites you can get companies not wishing to quote rather than actually turning you down as you might not fit within the criteria for their policy. Possibly a technical point but it is different.
The other one might come down to you trying to get a quote from different companies and if each does a credit check the result might be the number of these.
Is it possible just to renew with the current company or is that a problem?