Jump to content


  • Tweets

  • Posts

    • that is our SB defence yes simply copy and paste it into MCOL.   dx  
    • Apologies in advance for the long post... but I’m desperate now.    I stupidly took out a log book loan a while ago thinking it was my best option. After struggling with my finances and a couple of missed payments the vehicle was repossessed. I managed to get the money together to pay my arrears and the £300 or so pounds they added on for the repo and get back on track.    After a couple of months I got a text (well, bombarded with texts) about topping my loan up which, again stupidly, I decided to do. It was actually a second loan running alongside the first.    Again I fell into arrears and the car was repossessed, again adding the £350 or so fee. I took out another loan in order to Pay get the vehicle back.    I have again fallen in to arrears and I have attempted to lodge a complaint with the company, to which they have not really acknowledged and not advised me of the FOS timescales. I took this to the FOS who advised to go back to the company and if I wasn’t satisfied go back to them. I have submitted a further complaint to them this evening.    I believe I have been let down on several points, affordability, granting of a second loan when I had struggled with the first, unfair repo charges, ignoring my attempts to make reasonable repayment proposals, extortionate fees to release my vehicle and pay for the repossession charges, amongst many other issues.    My main problem however is that I have today been contacted by the repo company who have advised they have been to my address on numerous occasions and have not sighted the vehicle. The chap told me today to speak to the lbl company to come up with a solution this week or they would report the car stolen to the police in order to have me arrested and the vehicle seized.    My mental health has taken a hammering over this (it wasn’t great in the first place, hence the reckless financial decisions) and I fear this could push me over the edge. No car, no job, no house. I know I’ve only got myself to blame but any help would be hugely appreciated.   The loan is via bill of sale however I still have the actual log book.    many thanks 
    • use pdfreducer in upload once the multipage file is compiled 
    • My last response from yesterday seems to have disappeared on here (possibly it didn't get verified), but I'm still trying to get these pics together.   I was ready earlier in the day but discovered my PDF was a lot bigger than 4.5MB and it wasn't postable. I need to divide it into several files, and I'm putting in all of the photos in as it is too fiddly to sort through them etc on my phone. So apologies in advance for redundant one's.   Did you manage to get your zoom lens into action TGS? BTW glad to hear your girlfriend adheres to the same crackpot conspiracy as I do, it's never easy carrying these burdens alone😁
  • Our picks

prang

car accident

Recommended Posts

Hello

 

Advice required please.

 

I had an accident and reported as information only (no claim as yet)

 

I was hit in the rear and its been deemed no fault to me and will not affect my NCD and the excess will be waived. (but as i say no claim as yet)

 

I had the car assessed by my insurance - its roadworthy and not a write off if I have it repaired (which does surprise me) OR I can take the value of repair costs and then walk away.

 

What do i do?

 

 

Share this post


Link to post
Share on other sites

Whatever you prefer.

If you can live with the damage, for example a dent which doesn't compromise the integrity of your car, then you could take the money and save it for rainy days.

Otherwise if the damage must be repaired, let the insurance pay for it.

Your call really.

Share this post


Link to post
Share on other sites

Insurers don't make cash settlements generally and insist that they only way they will settle is payment to the repair garage.

 

Suggest you have the repair done, as if another car hits you in the back, they will say the damage was already there.l

 

Also it can happen if you are unlucky. Someone in a car park sees your damaged car and makes a false claim, that you reversed into them.  Seen examples of this where a car drives into another parked car and then drives away. The damaged car owner then looks for another car with damage and takes a note of the reg no. 

 

Further, until a garage works on your car, you won't know whether there is hidden damage not seen by Insurance assessor. 

 

A few possible reasons why a repair is advisable.


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

A look around any area in the outskirts of london would find thousands of scraps being driven around. 

Sometimes people prefer to keep the damage because other inconsiderate drivers keep on scratching and denting cars.

I gave up on fixing my right front wing when for the 3rd time i found it dented in a car park.

It's been dented since.

Share this post


Link to post
Share on other sites
On 15/08/2019 at 16:52, king12345 said:

Whatever you prefer.

If you can live with the damage, for example a dent which doesn't compromise the integrity of your car, then you could take the money and save it for rainy days.

Otherwise if the damage must be repaired, let the insurance pay for it.

Your call really.

Forgive my ignorance but the repair quote is %73 of the car value the assessor also gave me so why is it not a write off if I claim? 

 

Also if I take the repair 'cash' will the no fault claim affect me in future in terms of renewal price either with my current insurer or elsewhere? 

Share this post


Link to post
Share on other sites

I don't know why the insurance would give you cash instead of insisting on repairs.

most likely they don't want any trouble with botched repairs and by giving you cash they wash their hands off.

As you said, it's 73% of car value, so why would they write it off and give you more money? (100%)

Your premiums for the next 5 years (3years for some insurance companies) will be higher, doesn't matter if it's your fault or not, if you claim or not, they hike your price as soon as you report anything that they consider an accident.

This includes cases of small touches, no damage no claims from anyone, but they still charge you more and you must disclose.

Don't you love insurance companies???

Share this post


Link to post
Share on other sites
Posted (edited)
On 17/08/2019 at 20:29, king12345 said:

I don't know why the insurance would give you cash instead of insisting on repairs.

most likely they don't want any trouble with botched repairs and by giving you cash they wash their hands off.

As you said, it's 73% of car value, so why would they write it off and give you more money? (100%)

Your premiums for the next 5 years (3years for some insurance companies) will be higher, doesn't matter if it's your fault or not, if you claim or not, they hike your price as soon as you report anything that they consider an accident.

This includes cases of small touches, no damage no claims from anyone, but they still charge you more and you must disclose.

Don't you love insurance companies???

 

Surely if I claim, the cost of getting insurance next time has to be more than if I had only reported it as an accident?

Are you saying it would be higher by the same amount if claiming or not?  It is just plain wrong. Why on earth would one report it as an accident? Its clearly flawed.

 

If thats the case I may as well just raise a claim!?

 

 

Edited by prang

Share this post


Link to post
Share on other sites

Exactly. 

In my experience the difference between a notification only and a full whack claim with personal injury is very little. 

Same for fault or non fault accident,  very little difference. 

Keep this in mind, insurance companies are not your friends, they're there to make money.

Share this post


Link to post
Share on other sites
27 minutes ago, king12345 said:

Exactly. 

In my experience the difference between a notification only and a full whack claim with personal injury is very little. 

Same for fault or non fault accident,  very little difference. 

Keep this in mind, insurance companies are not your friends, they're there to make money.

 

Anyone else have an opinion on the cost of getting insurance in future if I do/do not claim and just leave it as information only?

 

What is the advice, pitfalls to be aware of if I try settle this privately or direct with his insurer?

 

Share this post


Link to post
Share on other sites

Sounds like the third party Insurers have accepted fault and anything you claim, will be reimbursed to your Insurers by the third party insurers. So you should not have any no claims discount reduction.

 

it is then a question about risk loading to your policy, which is an extra amount as you are seen as a greater risk. You may call it being unlucky being hit by another car, but Insurers think your bad luck is on balance likely to continue. Sorry for the bad news !  

 

Ever heard of the saying about bad things or bad luck happening in threes. Statistics suggest that one accident can often lead to further accidents. It just happens this way.  I have known a number of people say that they have had several accidents in one year, when they had no accidents in 30 years of driving.  

 

As a guess, your premium may increase by 10 to 20%, plus the Insurers normal rate increase. This may happen for the next few years, but may be less if you qualify for any more no claims discount.

 

Make the claim and ensure that your Insurers make the recovery from third party, so your no claims discount is not reduced


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites
16 hours ago, unclebulgaria67 said:

Sounds like the third party Insurers have accepted fault and anything you claim, will be reimbursed to your Insurers by the third party insurers. So you should not have any no claims discount reduction.

 

it is then a question about risk loading to your policy, which is an extra amount as you are seen as a greater risk. You may call it being unlucky being hit by another car, but Insurers think your bad luck is on balance likely to continue. Sorry for the bad news !  

 

Ever heard of the saying about bad things or bad luck happening in threes. Statistics suggest that one accident can often lead to further accidents. It just happens this way.  I have known a number of people say that they have had several accidents in one year, when they had no accidents in 30 years of driving.  

 

As a guess, your premium may increase by 10 to 20%, plus the Insurers normal rate increase. This may happen for the next few years, but may be less if you qualify for any more no claims discount.

 

Make the claim and ensure that your Insurers make the recovery from third party, so your no claims discount is not reduced

 

What is the advice, pitfalls to be aware of if I try settle this privately or direct with his insurer?

Share this post


Link to post
Share on other sites

You have already notified the insurance, so settling privately won't change anything. 

Your insurance shouldn't sustain any cost as explained by unclebulgaria.

As he said, just make sure they recover the costs from other party insurance and you keep your ncb.

Unfortunately it is not possible to avoid a price hike for the next few years, I have been there and it's extremely frustrating,  but nothing anyone can do about it. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...