Hazard of shopping around for insurance

Honest John Back Room » Motoring discussion
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Sat 1 Nov 2003 13:33
Hazard of shopping around for insurance - frostbite
I have just heard of a new hazard you might encounter as a result of shopping around for your motor insurance.

Apparently, as part of the risk evaluation, companies will carry out a creditworthiness check with reference agencies such as Experian.

These enquiries are logged against your personal record, and a number of such checks can result in some lenders and others refusing you credit.
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Sat 1 Nov 2003 14:08
Hazard of shopping around for insurance - Pugugly {P}
news.bbc.co.uk/1/hi/programmes/moneybox/3233387.st...s

Not as scarey as it might sound if you listen to Auntie.
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Sat 1 Nov 2003 14:23
Hazard of shopping around for insurance - Pugugly {P}
Link seems to be a dead 'un. Radio Four Website, go to the Moneybox homepage and today's episode (1 Nov 03) you should find a working link there, PU did.
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Sat 1 Nov 2003 14:47
Hazard of shopping around for insurance - martint123
I haven't looked at PU's link yet, but there are checks and there are checks.... Very often people will do a check on your credit card number to just see that you exist and to confirm an address. You can see these checks if you make an enquiry of the credit reference companies, but no one else can and they do not affect your credit rating.
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Sat 1 Nov 2003 17:32
Hazard of shopping around for insurance - eMBe {P}
The link posted by PU has one "s" too many. It should be (keeping fingers crossed that this will work!)

news.bbc.co.uk/1/hi/programmes/moneybox/3233387.stm

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Sun 2 Nov 2003 00:46
Hazard of shopping around for insurance - v8man
No organisation can credit check you with out your consent.
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