Insurance Company Moves to Decrease Fraudulent Car Insurance Claims and Bad Credit Car Loan Needs
New measures to help decrease motorists car insurance premiums are to be brought in by swiftcover.com.
A representative from the firm has recently claimed that applicants will be subject to additional background checks to help keep premiums down in the future.
“Although some motorists will treat the news with caution, most will see this as a positive step towards rewarding those with a clean claims history” said a spokesperson for Bad Credit Loans 4 You, a UK finance specialist at sourcing Bad Credit Loans, http://bad-credit-loans-4-you.co.uk/bad-credit-car-loans.html
“We expect to see people soon requiring smaller bad credit car loans to help with their driving costs”.
Swiftcover.com are planning to complete an automatic check of people’s claims histories to help catch out those who are trying to “buck the system”.
“It is not fair that safe, law-abiding drivers should pay higher premiums to subsidise people who lie about their previous claims to get cheaper insurance," stated Steve Gaywood, counter-fraud and compliance manager at the company.
The new system is believed to ensure a more accurate and fair quote is provided to each applicant according to their individual circumstances.
Unless other companies decide to follow suit, it could mean drivers who have previously provided false information whilst making applications may decide to not use the insurance provider again, but swiftcover.com seem determined to prove that honesty is the best policy.
Recent statistics provided by Bad Credit Loans 4 You show that the average application for a bad credit car loan has risen from £3776 in August 2009 to £4082 in August 2010, a rise of over 8%.
“Although we have personally seen a marked increase in the size of bad credit car loans that people are applying for, with new measures soon to be in place, we are eventually expecting this figure to begin to drop” noted a Bad Credit Loans 4 You spokesperson.
“Fraudulent insurance claims are contributing to the rising cost of policies which in turn is increasing the size of bad credit car loans people need to apply for”.
Some people have been attracted towards what has been ludicrously described as “easy” money, by defrauding their insurance company, but this will ultimately make insurance cover prices increase for everyone.
Blackburn, Liverpool, Leeds and Manchester have all been highlighted as hotspots for incidents of “crash for cash” claims.
In a bid to combat some of the fraudulent claims that people make against them, research firm Defaqto has revealed that 94 per cent of insurance policies offered in 2010 have no protection against road rage incidents.
Bad Credit Loans 4 You helps out people who fear they have been blacklisted because of CCJ’s and Defaults.
Bad Credit Loans 4 You holds a Consumer Credit Licence issued by the Office of Fair Trading. The company is also covered by the Financial Ombudsman.
Bad Credit Loans 4 You is also registered with the Information Commissioner’s Office for Data Protection.
For help, phone 0800 011 4503 or visit
http://bad-credit-loans-4-you.co.uk/bad-credit-used-car-loans.html
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Notes for Editor:
http://bad-credit-loans-4-you.co.uk/bad-credit-car-loans.html
Loans 4 You of London Ltd
Innovation Centre
Monks Brook
PO30 5WB
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Tel: 0800 011 4503
Bad Credit Loans 4 You was formed in April 2010, bringing together a team of specialists that together offers over 50 years of expertise to help applicants gain the unsecured loans they need.
From its UK head office in Monks Brook, Loans 4 You operates across Britain, sourcing loans for people with bad credit.
Bad Credit Loans 4 You holds a Consumer Credit Licence issued by the Office of Fair Trading. The company is also covered by the Financial Ombudsman.
Bad Credit Loans 4 You is also registered with the Information Commissioner’s Office for Data Protection.
Bad Credit Loans 4 You helps people source the personal loan they need. We provide an opportunity for those with bad credit history, poor credit history & also good credit history obtain bad credit loans & poor credit loans.
As a specialist in the UK finance market for those with bad credit history, Bad Credit Loans 4 You routinely provide details of affordable loans for various reasons such as; bad credit computer loans, bad credit car loans, bad credit wedding loans, dental credit, furniture loans & Xmas loans.
Bad Credit Loans 4 You has a senior management team with over 50yrs collective experience providing vital knowledge of the bad credit loans sector & helping those with CCJ’s, defaults, late credit card payments, mortgage arrears & other bad credit rating problems.
Our mission is to aid people who have been discriminated against because of their bad credit loans problems. We assess bad credit loans applications on your current budget and ability to repay bad credit loans, not just your bad credit rating.
