Fro
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Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
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quote:
Originally posted by Shell
Can someone help me out here, because I'm proper confused! I got an insurance quote of £387 for a ten month period, if I paid in a one off payment. To pay by direct debit monthly, it then came to £515. She said there is a 8.5% charge. I can fathom out how they apply said charge, wether that be every month or just the once. If it's just the once, surely it's an extra £30 odd quid? And if it's every month it'd add an extra £300 odd...I'm not understand how it put it up so much with those figures I'm thick as mince!
Some companies will actually calculate a different premium based on whether you pay monthly or in one hit.
Admiral love to do this.
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Shell
Premium Member
Registered: 14th Oct 08
User status: Offline
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It's Elephant (Same company as admiral and diamond etc) I'm with, but what are they basing this increase of premium on? I don't get it.
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JonnyJ
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Registered: 23rd Sep 05
Location: Scotchland
User status: Offline
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They make it up as they go along
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Andrew
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Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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I've just realised i was robbed last night from EDF Said my electicity is around £60 a month, it's not, it happens to be around £52.
Little worried as the last 3 months i've not really be staying there and the dark nights are now in.
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Fro
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Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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Sorry, dont have a clue 
I just know that when i asked how much it would be monthly the premium changed much like yours and they just said it's because I would be paying in installments
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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It's probably 8.5% charge for paying monthly then x% apr on top as well
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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quote:
Originally posted by Andrew
I've just realised i was robbed last night from EDF Said my electicity is around £60 a month, it's not, it happens to be around £52.
Little worried as the last 3 months i've not really be staying there and the dark nights are now in.
Might only get worse as they're being taken over iirc.
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Shell
Premium Member
Registered: 14th Oct 08
User status: Offline
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I feel like phoning back up an querying this It's times like this I wish I was either good at maths or knew someone who works for an insurance company! My renewal came back through at suspiciously a similiar amount as what they've changed it to. I can't find the letter to double check though. I got the better quote from diamond and they said they'd match it no problem, then I said I'd still be paying monthly "oh...well..."
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JonnyJ
Member
Registered: 23rd Sep 05
Location: Scotchland
User status: Offline
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quote:
Originally posted by Conway563
It's probably 8.5% charge for paying monthly then x% apr on top as well
If it was extra on top then it would come to a lot more than £515, at an extra 8.5% only over ten months it already comes to over that figure.
Saying that maths was never my strong point
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Andrew
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Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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quote:
Originally posted by fro-dizzle
quote:
Originally posted by Andrew
I've just realised i was robbed last night from EDF Said my electicity is around £60 a month, it's not, it happens to be around £52.
Little worried as the last 3 months i've not really be staying there and the dark nights are now in.
Might only get worse as they're being taken over iirc.
I'm tied into a friggen 12 month contract with them.
It will get worse as i'm now in the place all the time. Gonna have to find myself a new bird, i'll be cheaper
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Conway563
Member
Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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quote:
Originally posted by JonnyJ
If it was extra on top then it would come to a lot more than £515, at an extra 8.5% only over ten months it already comes to over that figure.
Saying that maths was never my strong point
I'm guessing it's just a one off charge and then APR is paid on the lot, so I think
£387 + 8.5% = £419.90
£420 + 59% APR = £515 (ish)
APR would be a lot if that was the case but not unheard of
[Edited on 05-10-2010 by Conway563]
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JonnyJ
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Registered: 23rd Sep 05
Location: Scotchland
User status: Offline
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Ah right yeah, if its 8.5% on a one off and some added apr on top then it would make sense.
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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quote:
Originally posted by Andrew
quote:
Originally posted by fro-dizzle
quote:
Originally posted by Andrew
I've just realised i was robbed last night from EDF Said my electicity is around £60 a month, it's not, it happens to be around £52.
Little worried as the last 3 months i've not really be staying there and the dark nights are now in.
Might only get worse as they're being taken over iirc.
I'm tied into a friggen 12 month contract with them.
It will get worse as i'm now in the place all the time. Gonna have to find myself a new bird, i'll be cheaper
good way to save money 
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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SharePoint 2010
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Tommy L
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Registered: 21st Aug 06
Location: Northampton Drives: Audi wagon
User status: Offline
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Budgie
Member
Registered: 2nd Dec 09
Location: Basingstoke
User status: Offline
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http://thedailyconservative.net/2010/10/05/hello-4chan/
4chan users been rumbled
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Daveskater
Premium Member
Registered: 29th Apr 08
Location: Oxford, UK Drives: Jap wagon
User status: Offline
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Home time
quote:
Originally posted by Budgie
ive got a week off after next week.
dave: thanks felt good hmmmmmm
Time off ftw. Glad you enjoyed it 
Numberwang!
Originally posted by AlunJ
I like you Dave, you are a man of men
Originally Whatapp'd by Neo
Dave's maybe capable of a drive-by cuddle
Look at my pictures
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Budgie
Member
Registered: 2nd Dec 09
Location: Basingstoke
User status: Offline
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laters skaters
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Budgie
Member
Registered: 2nd Dec 09
Location: Basingstoke
User status: Offline
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laters everybody else
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