What if I know I can’t afford the next payment?
If you can’t afford the next instalment:
- Contact your insurance provider as soon as you can – they may be able to arrange an alternative payment date for when you can afford it
- Consider paying the instalment on a credit card or with an overdraft facility – but only if you know you’ll be able to pay it back and not make any money problems worse
To prevent any payment problems in the first place, see if you can arrange a direct debit or payments on a more suitable date (for example, straight after your salary goes into your account). You could also see if your provider is able to send out text or email alerts as a reminder.
If you have debt problems, the Money Advice Service can help you find free debt advice. You can also get tips on how to take control of debt and take a debt health check.