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What do PremFina do when they set up my direct debit?

Knowledge Centre avatar
Written by Knowledge Centre
Updated over a month ago

If you choose to pay monthly for your insurance, PremFina will complete an affordability check by searching credit reference agencies, whether you are buying a new policy or renewing an existing one. This check will leave a footprint on your credit file.

PremFina will then email or post you a welcome pack, which will include a credit agreement to sign and a schedule of your payments.

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