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View Full Version : Brain Storm!?

bbewekim
24th January 2007, 20:13
Just had an idea... With insurance would it be cheaper to payup insurance for the year by taking out a 12 month loan? With loan repayments cheaper than your monthly insurance? Most policys are cheaper when taken out and paid in full anyway. For example my insurance would be £120-130 p/m when i can get a loan and pay that back at £100 a month? Plus get good credit history?
BruceybabyVTR
24th January 2007, 20:14
apr probably higher on a persoanl loan rather than the apr on insurance
conor
24th January 2007, 20:32
I had thought about this, but next year you/ i would still be paying off this years insurance
Barry123
24th January 2007, 22:09
I just paid for it one go.
Mark51
24th January 2007, 22:30
I just paid for it one go.

with the student grant, lol

shop around and find out, you could ask the insurance company what their interest rate is. if you are taking a lon out from a bank or somewhere else then make sure that there is not a final repayment charge of like an extra 80-100 as this could screw you.