3rd party insurance and money

[~vjay~]

Okay, not too sure where to put this so it's ended up here.

Basically, I have 3rd party car insurance, I had to use it and have a lovely $900 excess to pay, the insurance company told me I have to come up with this $900 within 7 days of receipt of the bill.

I got the letter today, and they don't let you pay off this $900 and expect me to have it, I'm not sure I'll manage to come up with that amount (if I do as it is I'd need a loan)

So lets just say I don't pay it because honestly, I can't afford it.

I'm quite willing to pay it off in $50-$100 a week installments but they said they don't accept part payments.

What I want to know is what would happen exactly if I don't come up with this money on request like they think I should?

[Sagacious]

They can sue you and once they obtain judgment against you then in most jurisdictions you can apply to the Court ex parte to repay the judgment sum in installments the size of which are set by the registrar of the Court based on the sworn information placed before him accompanying your application.

The upside is that no further enforcement proceedings may be taken against you provided you comply with the terms of the Order for payment in installments. Also (in Queensland at least) provided you do not miss two consecutive installments you continue to meet the terms of the order even iff you miss the odd installment here or there.

[~vjay~]

I'll assume this means I'll have to attend court :S

I was hoping they'd send it to the debt collector or something.

[Sagacious]

I'll assume this means I'll have to attend court :S

I was hoping they'd send it to the debt collector or something.

They probably will send it to the debt collector first and you should probably make your offer to pay by installments when contacted by them.

Alternatively you can bank on the fact that these bureaucracies take their sweet time getting anything done and you could tuck away $50 or $100 a week until they get around to suing you and have the money available to pay them in one hit by the time push comes to shove. also send them a letter offerring to pay them of at a set rate and by a certain date so that if they do sue you you can show your good faith attempts to prevent the need to be sued when it comes to a question of court costs.

[~vjay~]

I just don't want to wait and hope they send it to the debt collectors instead of suing me for it, if I knew that's what they'd do I'd be less stressed, as it stands I've had enough of the court system thanks to the ex who keeps dragging me through it and me being sued wouldn't be fun.

Do I need any more stress :S