What Is The Best Credit Insurance Company In The UK? Has Any One Got Any Experience Of Using Them?
Sep 11, 2009 by Mark L | Posted in Insurance
Credit Insurance. What guests in the UK is the best to talk to about setting up trade credit insurance?
You have a selection - either go to a credit insurance underwriter directly for an 'inhouse' quote - AIG used to be good before they went short! - you really need to be a big business for them to talk to you though.
Best bet is to go through a stockjobber. They usually have a better range of credit insurance options and work harder for you as they only get paid if they situation the cover. UK Credit Insurance (below) are one of the bigger brokers - and they deal with all the major underwriters so saves some leg-drudgery!
Credit Insurance cover is not easy to get a deal on these days though so good luck with your search.
As a concern when having problems with a debt we looked around for a company to give us credit insurance to cover us in the approaching.
The best company we found was Credit Insure. see Http://www.credit-insure.co.uk/Credit_in surance/Credit_insurance.aspx
Elaine | Sep 11, 2009
You have a alternative - either go to a credit insurance underwriter directly for an 'inhouse' quote - AIG used to be good before they went poverty-stricken! - you really need to be a big business for them to talk to you though.
Best bet is to go through a agent. They usually have a better range of credit insurance options and work harder for you as they only get paid if they recognize the cover. UK Credit Insurance (below) are one of the bigger brokers - and they deal with all the major underwriters so saves some leg-m!
Credit Insurance cover is not easy to get a deal on these days though so good luck with your search.
Graeme R | Sep 11, 2009
Will My Credit Card Insurance Pay Off Bills For Someone I Added To My Account If They Die?
Dec 05, 2008 by sacch4 | Posted in Personal Finance
My grandfather has added my uncle to his credit cards that have credit insurance on them. My uncle passed away and the credit liable act companys says they will not pay off the debt accumulated by my uncle because he was not the primary likely holder. Is this legal? What rights does my grandfather have?
Counterbalance (at least in UK) .. here the 'main' card holder 'owns' the Card Account and is completely responsible for all spending on the account ..
Any 'additional card holders' are wholly people that the 'main' card holder has given legal liberty to spend 'on their behalf' ... it's like giving them a book of pre-signed confused cheques ..
So the debt is NOT your Uncles, but your Grandfathers (and always has been) ...
De rigueur (at least in UK) .. here the 'main' card holder 'owns' the Card Account and is consummately responsible for all spending on the account ..
Any 'additional card holders' are altogether people that the 'main' card holder has given legal licence to spend 'on their behalf' ... it's like giving them a book of pre-signed sheer cheques ..
So the debt is NOT your Uncles, but your Grandfathers (and always has been) ...
Steve B | Dec 05, 2008
Where Can I Get Good Credit Insurance?
Feb 13, 2008 by avenueslimited | Posted in Insurance
I have heard favourable things about One Source (http://www.onesourcerm.com/) for credit insurance. I would like to hear other peoples thoughts and opinions.
If by 'Credit Insurance' you unaccommodating insurance that is offered by banks or lenders, that will pay out loans, mortgages, credit cards, etc (often refered to as mortgage insurance or creditor insurance) and it's the same as what is offered in Canada...Shun IT AT ALL COSTS!! Buy individual term insurance from a lisensed insurance advisor who can account for the pro's and con's of ALL the products available to you, not some 'super-size your spending' offer serve as someone who wasn't professionally trained, liscensed, or governed by industry standards to clerk insurance.
Contact an actual insurance broker that can explain how whole life, term living and credit insurance all work and can get you the best products on the market.
If by 'Credit Insurance' you unkind insurance that is offered by banks or lenders, that will pay out loans, mortgages, credit cards, etc (often refered to as mortgage insurance or creditor insurance) and it's the same as what is offered in Canada...Leave alone IT AT ALL COSTS!! Buy individual term insurance from a lisensed insurance advisor who can disclose the pro's and con's of ALL the products available to you, not some 'super-size your spending' offer cast someone who wasn't professionally trained, liscensed, or governed by industry standards to blow the whistle on insurance.
Contact an actual insurance broker that can explain how whole life, term spirit and credit insurance all work and can get you the best products on the market.
Chris C | Feb 13, 2008
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You have a selection - either go to a credit insurance underwriter directly for an 'inhouse' quote - AIG used to be good before they went short! - you really need to be a big business for them to talk to you though.
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