paying insurance.

[dan_uk]

alright chaps now things might change by the time i purchase a motor. but regards to insurance payments now i know mnthly installments are done by direct debit. now atm i only have a standard cash account card wich im not able to direct debits on as credit got a lil bad. ! is there other ways of paying monthly without using the bank ?

[Kris214]

Do you mean you cant setup direct debits through your bank? You don't need your card details for this. All you need is the sort code and account number.

[dan_uk]

Originally Posted by Kris214

Do you mean you cant setup direct debits through your bank? You don't need your card details for this. All you need is the sort code and account number.

but its just a standard cash account i have? i wasnt sure if they could use it to take the money i know i cant make direct debits with it .

[Gareth1982]

Originally Posted by dan_uk

but its just a standard cash account i have? i wasnt sure if they could use it to take the money i know i cant make direct debits with it .

If its a bank account for example a Current Account, even if you have just a cash point card and not a debit card, you should still be able to set up direct debits up. As Kris sad, all you need is your account number and sort code.

I think you can set one up with a savings account too (not 100% on that mind) but I think it's possible.

[chris.maddock]

Originally Posted by Gareth1982

If its a bank account for example a Current Account, even if you have just a cash point card and not a debit card, you should still be able to set up direct debits up. As Kris sad, all you need is your account number and sort code.

Sounds to me like it's not a full current account, just what's usually called a Basic account - which is very limited indeed. Pretty well somewhere that salary can go into and you can get the cash out, and that's it, no other services/facilities. They are intended for people who can't get a normal current account (maybe have a problem with their credit history/scoring) but need a means of getting paid when their employer will only pay to a bank account.

Unfortunately, I don't know what solutions are open to the OP

[dan_uk]

Originally Posted by chris.maddock

Sounds to me like it's not a full current account, just what's usually called a Basic account - which is very limited indeed. Pretty well somewhere that salary can go into and you can get the cash out, and that's it, no other services/facilities. They are intended for people who can't get a normal current account (maybe have a problem with their credit history/scoring) but need a means of getting paid when their employer will only pay to a bank account.

Unfortunately, I don't know what solutions are open to the OP

thats exactly what it is bud!. im sure therell be someway round it.

[patpending]

Of course monthly payments for insurance are a form of credit. In your case, the insurer might want to load the interest rate to the extent that you might well be better off if you could raise the cash elsewhere (bearing in mind that you are indicating that this will not be cheap).

It may be that the insurer will not offer you credit if you can't set up a direct debit, though it might be worth finding out if you could take out a credit agreement with the insurer where you pay monthly amounts over to them by cash paid in at the bank...and how much that would cost...

make sure you don't sign anything you don't understand!

[dan_uk]

Originally Posted by patpending

Of course monthly payments for insurance are a form of credit. In your case, the insurer might want to load the interest rate to the extent that you might well be better off if you could raise the cash elsewhere (bearing in mind that you are indicating that this will not be cheap).

It may be that the insurer will not offer you credit if you can't set up a direct debit, though it might be worth finding out if you could take out a credit agreement with the insurer where you pay monthly amounts over to them by cash paid in at the bank...and how much that would cost...

make sure you don't sign anything you don't understand!

yeah . im sure somewhere theyll be a bank that will give me a current account. just got to find one . be alright if i could use the mother in laws but i know it has to be in policy holders name ofcourse. ill have a look arond got a good 6 months or so before the time comes soo ill crack on .

[patpending]

Originally Posted by dan_uk

yeah . im sure somewhere theyll be a bank that will give me a current account. just got to find one . be alright if i could use the mother in laws but i know it has to be in policy holders name ofcourse. ill have a look arond got a good 6 months or so before the time comes soo ill crack on .

but you don't actually need a full current account for car insurance, you just need the money...

...so you've got time to think of it...

...you obviously have a computer so you've got some money (let alone if you're thinking of running a car!), so maybe you should be looking at saving some up in advance, maybe finding a way of putting it where you can't get at it. IIRC you can save for car tax with PO saving stamps. Don't know about insurance.

In particular a low insurance group would be good, e.g. on a Metro rather than a Tomcat...

...also budget rigorously for Christmas...is this any help?

http://www.moneysavingexpert.com/ban...udget-planning

[dan_uk]

ive got money lol just bad choices taking out loans and losing jobs in the past. right now im all good. paying for my wedding in cash im saving 400 a month for it atm so my hands are tied regards anything else but i can deffo aford it after this wedding is done with . im sure in the 6 months of me paying off bits and bobs inc bills loans etc ill get a current account peice of **** id prob get one now. just need to get off my backsiide and look harder and as for a metro mate u got no chance lol. if i was 6 stone and 5 ft tall then yeah lol but im not so

[patpending]

...just make sure, if you want a car, that it's the cheapest to insure you can get - e.g. a Metro is roomier than a bubble 200 in my experience, and I doubt a Tomcat is a particularly cheap car to insure. (The wedge 216 was in old Insurance Group 5 which made it very pricy!)

And save hard as much as you can - it sounds like you'll pay through the nose for monthly insurance. You have no money to waste on borrowing or insurance (like all of us!)

[dan_uk]

Originally Posted by patpending

...just make sure, if you want a car, that it's the cheapest to insure you can get - e.g. a Metro is roomier than a bubble 200 in my experience, and I doubt a Tomcat is a particularly cheap car to insure. (The wedge 216 was in old Insurance Group 5 which made it very pricy!)

And save hard as much as you can - it sounds like you'll pay through the nose for monthly insurance. You have no money to waste on borrowing or insurance (like all of us!)

loking at bout £103 a month over 10 months tops very managable for me matey. just needed to know in the beggining if i can pay any other way bar direct debits. by the time it comes to the purchase ill have a current account if needs be no problems.

[MGJohn]

Good advice. Particularly for the teenage new driver, get a Metro and insure that for a year or two. Get a decent no claims bonus and Insurance will be much less costly provided you avoid a claim which not all newish drivers can do.

Paying Insurance monthly ~ is a No claims Bonus still earnt that way?
..

[buttsi]

yes you still get ya no claims bonus ,whether you pay the full amount or monthly,

[dan_uk]

metro might be ok for a teen but im 23 . 5ft 10 and 18 stone lol !

[ashy]

Originally Posted by MGJohn

Good advice. Particularly for the teenage new driver, get a Metro and insure that for a year or two. Get a decent no claims bonus and Insurance will be much less costly provided you avoid a claim which not all newish drivers can do.

Paying Insurance monthly ~ is a No claims Bonus still earnt that way?
..

Earnt..? lol
Paying monthly or in full has no bearing on the NCB as the insurance company gets fully paid regardless as they transfer the debt to a credit lender who you then pay not the insurance company.

[chris1981]

Each insurer will accept different payment meathods, you are best of ringing the one you want to go with, explain your account is restricted and ask if they allow payment through standing order or cheque/postal order

[patpending]

Originally Posted by dan_uk

loking at bout £103 a month over 10 months tops very managable for me matey.

please don't be surprised if I say I am shocked by that statement. If your premium is over £1,000 a year and you are looking to borrow the money, then there is no way you can actually afford it - especially if you have had money troubles!



(you might be able to borrow the money to pay for it, but that's a very different thing).

I did not choose a Rover as my first car because of the insurance on the model I would have wanted (which would have been significantly less than £1,000 a year even with inflation).

Though if you are looking to borrow money to just spend it (pour it down the black hole of insurance and finance charges), Alistair Darling might be looking for a stand-in in the next six months.

I mean it in a positive, caring way if I say you need to have a serious think about what money you are wasting. I am concerned for your health, too - surely eating more healthily (and not drinking ) will save you money, and taking more exercise is free.

You really need to stop and have a good hard think about what you plan to spend money on which you haven't actually got.

Let's face it, I can't think of a supermini a 6-footer can't easily drive. I have crossed Germany south to north and back in the front of a 1994 Fiesta, driving half the time! and there's at least as much space in a Metro IMHO.

Hope you take these comments as meant in a nice way but surely the first tough love you have encountered is not here on the interrent!

[chris1981]

Originally Posted by dan_uk

metro might be ok for a teen but im 23 . 5ft 10 and 18 stone lol !

Dont knock the Metro, I am 6ft about 15stone and have had 2, they are 2 of the most comfortable and fun cars ive ever driven.
they are like the Tardis inside and are always going to be cheaper to insure too

[dan_uk]

Originally Posted by patpending

please don't be surprised if I say I am shocked by that statement. If your premium is over £1,000 a year and you are looking to borrow the money, then there is no way you can actually afford it - especially if you have had money troubles!



(you might be able to borrow the money to pay for it, but that's a very different thing).

I did not choose a Rover as my first car because of the insurance on the model I would have wanted (which would have been significantly less than £1,000 a month even with inflation).

Though if you are looking to borrow money to just spend it (pour it down the black hole of insurance and finance charges), Alistair Darling might be looking for a stand-in in the next six months.

I mean it in a positive, caring way if I say you need to have a serious think about what money you are wasting. I am concerned for your health, too - surely eating more healthily (and not drinking ) will save you money, and taking more exercise is free.

You really need to stop and have a good hard think about what you plan to spend money on which you haven't actually got.

Let's face it, I can't think of a supermini a 6-footer can't easily drive. I have crossed Germany south to north and back in the front of a 1994 Fiesta, driving half the time! and there's at least as much space in a Metro IMHO.

Hope you take these comments as meant in a nice way but surely the first tough love you have encountered is not here on the interrent!

I never said i was looking to borrow money! at all. im purely saying i need an account i can use to put money in and get it taken out as direct debit, i can pay it myself with my job. and as for my health u neednt worry lol. i do not drink and my food is good lots of protein im a powerlifter got heavier when i started this.... i hope u understand now . cheers doc

as for a rover metro its not the rover i want or even like i like something a bit bigger