Insurance blog by John Lewis

Guaranty bills prioritised by 49%

Commendation reference agency Callcredit has commissioned research which reveals that almost half of Britons contemplate on insurance bills to be one of the top four to be paid on on occasion.

Unsurprisingly utility bills (83%) came top, followed by council tax (77%) and tear/mortgage (74%).

Forty-nine percent pay insurance bills with urgency, decidedly ahead of mobile phone bills (11%), internet charges (19%) and hold accountable card debt (38%).

The finding is significant given that there are an estimated two million motorists who urge without car insurance, and around one in three have no haven insurance policy.

There was also some awareness of the impact on rely on rating, with 24% stating they paid specific bills to mitigate the antagonistic effect on their own credit rating.

Owen Roberts, head of www.callcreditcheck.com, responded to the digging’s results by expressing his encouragement that people, despite the scarcity for belt-tightening, saw the importance of paying bills on convenience life and of maintaining insurance coverage.

Roberts did, however, express concern over and above the small number who would prioritise a personal loan or confidence in card bill, as these can damage credit ratings and make securing future tribute more difficult.

Even more:

• Selling credit insurers usurp rating agencies
• Helphire criticises dilatory paying insurance firms
• MBIA downgraded close Moody’s
• US social security fund sues credit rating agencies
• IGI Security rated A-

 

Categories: Auto insurance, News

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