Can I pay by monthly direct debit?

Yes, you can set up your policy to either pay in full or with direct debits and set a preference for when you want us to debit your account.  We're required to undertake creditworthiness assessments relating to your ability to pay by monthly instalments.  As a responsible lender of credit, we complete this assessment at point of quote, when a policy renewal quote is generated, or when changes are made to a policy which affects the outstanding loan. We use set criteria for making this decision.  We use information obtained from Experian (a credit reference agency), and that you provide us, to assess your creditworthiness and suitability for the loan product. If we've declined you credit, then our assessment has concluded that you unfortunately don't meet our criteria and the loan product isn't suitable for you. This is likely to be because our assessment has determined you may be unable to afford the monthly instalments. If you're approved credit, you'll be given the option to pay in full or monthly by credit/debit card or Direct Debit It's more expensive to pay for your policy by monthly instalments instead of paying in full, because you're charged interest on the loan.