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In a bit of a pickle!


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For several years now I have paid my car insurance up front, either with money earned from working or from student loan payments, however since leaving uni last year (I went back to uni age 27 for 3 years) I have been unable to find work, so for the first time I have had to pay my car insurance by monthly installments.

 

My policy started in january this year, and I have tried really hard to ensure that my bank account contained enough of my JSA payment on the dates that my DD was due out. Unfortunately, due to a small charge in January made by my bank for going over my overdraft in December, I was short £13 for my insurance so they returned the DD, which subsequently meant another larger charge from my bank.

 

This has happened 3 times now, and as I am on JSA, I have no means by which to pay the charge which would ensure that there was money in the bank for the insurance. And now I have recieved an e0mail from Admiral that they require the remainder of the premium by the 25th April 2011.

 

I have talked to an advisor at Admiral an he told me, after being put on hold many times so he could consult his coleague, that there was nothing they could do as it was a computerised system.

 

So my question is, what are my options?

 

This is the first time anything like this has ever happened, and as far as I can tell, I'm up the creek! There is not a cat in hells chance I can pay the £315.41 in 8 days time, when I have rent and other bills to pay and only recieve £65.45 per week.

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not a lot you can do I think, ther will be a clause in the finance agreement tha if you miss a due payment they can ask for the remaider in full.

It causes the insurance co problems when you dont pay on time; and they can suspend your cover. so if stopped technically not covered and you can loose the car.

What some people do is just pay the first month so the think they have cover for that purpose but MIB database is constantly updated to show suspended cover now due to non payment.

All you can do ask them to reconsider.

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I had every intention of paying the money, Its not like i was trying to jip them, I simply made a samll error in Dec, and the resulting charge has caused the situation to escelate to the point I'm at now.

 

I suppose I can try and call them again, but I don't expect a different outcome to the one I recieved on Friday.

 

Might call in to Citizens Advice in the morning to see what they say, failing that, I'm just going to get into increasing debt because when they try to take the money, it wont be there, so the bank will charge me for a returned DD, and the insurance company will probably charge interest on the payments owed.

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