Hi All,

I am hoping someone can share experience or offer some advise.

I set up an IT contractor insurance with Kingsbridge back in June when I was about to start my first contract role.

The policy covered me for Professional Indemity insurance and I was quoted £45.00 a month.

I agreed to the Insurance plan, two months later I got a better deal through my Accountancy firm I was dealing with.

I cancelled the direct debit and notified Kingsbridge.

I have now received a letter from Close Brothers Premium Insurance stating I owe them £384.00 for the full insurance policy and it is required upfront.

If not, they have threatened to send the debt to a third party collection agency.

My insurance cover is now cancelled, so unsure what services the payment is meant to be covering!

I have e-mailed them last week on the customer services account, but I have heard no response, it feels like they are just ignoring.

Do I have any rights in this matter?

What would be the best course of action, bow down and agree a payment plan or dispute the debt.

Thanks & regards,

David

because you chose 12 monthly payments

the finance would have been set up through Close Brothers Premium Insurance

under a credit agreement.

looks like the ins co. failed to tell them the deal was cancelled.

a DCA is not a bailiff

and has

NOT SUCH LEGAL POWERS.

you can either ignore them or complain to your ins co.

Thanks Dx100uk.

I would love to ignore them, but trying to get my credit history improved, so fear this will be antoher bad marker and will reduce my points scoring.

Maybe an option is to offer than a settlement figure perhaps.

eh?

it shouldn't be showing.

you don't owe anything you cancelled

If you stopped the DD then you have defaulted on the finance payment arrangement ...so they will default you.

As DX states they pay the insurer the monthly premium......so you still owe CB any monthly drawing/s not paid

Looking at their T&Cs they require 2 months notice to end the finance agreement.

Andy

Thanks Both.

So if I was to re-enter the payment plan with CB would I covered for Insurance again?

Looks like Kingsbridge have a win win situation, they have been paid in full and no longer have any insurer liabilities.

no you don't

and no you wont be insured..

close personal finance

just like their parent company close brothers

are a .......

they have always pulled every trick in the book to line their pockets.

with ill gotten sums.

you cancelled the insurance with knightsbridge

they should have returned any money they held back to close PF.

yes they will try and trash your credit file

you must be firm with them

send them proof you cancelled

let them fight it out with knightsbridge

close financed your monthly payment tehey sent to knightsbridge

they didn't give them it all upfront

Thanks DX100UK,

Close Brothers are just refusing to reply to my initial e-mail. I have today e-mailed Kingsbridge to ask them what the status is from their side and why I am getting hounded by Premium Finance.

Do I need to send any kind of correspondence to Close Brothers, wary they will pass to a DCA who may issue proceedings against myself.

stop emailing WRITE and get free proof of posting from the PO counter.

lets be clear here as you seem rather green

a DCA is NOT A BAILIFF

they have NO LEGAL POWERS WHATSOVER.

only the 'owner' of the supposed debt' can take you to court

read the correspondence CAREFULLY.

doesn't say WILL anywhere

Thanks. If the DCA buy the debt from Premium Finance, would they not be legal owners of the debt in their own right?

I will send them a letter via the PO with proof of sending. Is there any recommended template to send?

no template no.

close wont sell it on.

Hi All,

I have had a recent devleopment on the debt with Close Brothers.

A letter was received yesterday from a companyt called 'CARS' who are demanding the full and final payment of £327.00 to cover the Professional indemity insurance. I cancelled the insurance months ago and I am no longer insured.

It feels like they the next step will be for them to issue proceedings against myself, does anyone have any advice on the best tactics to respond with?

No read it properly..

Doesn't say will anything

And cars are a totally powerless DCA

A DCA are not bailiffs

Ignorr