redundancy and loan payment help

princess-of-plastic

Hello,

We have just found out my partner is being made redundant. We can scrape by with most of our debts but cant afford to pay our bank of scotland bank loan. The monthly payment is £185 which we just wont have. Everything is cut back to the bare minimum that we can get away with. Has anyone had any success in getting bos to accept a token amount? Do you think they would accept £30/month until he gets a job again? That is the max i can afford. I'm coping surprisingly ok with the news exceot im extremely annoyed that my debt free date is dissapearing into the distance lol. Any help/opinions/thoughts would be greatly appreciated.

pop xxx

debtfreein4years

do you have payment protection insurance with them? if so see if that covers you.

i lost my job but wasnt made redundant and they point blank refused to pay as they said i was negligent in losing my job by me being ill and being signed off at the docs.

good luck

gxx

princess-of-plastic

hi, no ppi im afraid.

pop xx

carrottopsuk

I don't have the answer but just wanted to wish you the best of luck

taxi73

The only suggestion is that it can do no harm to phone them and ask.I wish you luck.Surely £30 a month is better than nothing if you explain the circumstances.

princess-of-plastic

thanks guys

pop x

firesidemaid

will there be any redundancy money?

have you posted an soa on here yet to see if the good folks can help you in any other way / have any other ideas?

has your OH signed on / been to temp agencys etc?

good luck x

princess-of-plastic

There will be redundancy pay. If it is taxed it will be £480 + holidays. If not taxed then £600. Everything is cut back to the bare bones already. He will be signing on, his notice period is 2 weeks.

Thanks, pop x