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Job at risk notice and loans
I sadly have had a meeting today where i learnt my job is at risk, I have 2 credit cards and 1 loan "along side" of my mortgage. In a worst case and i get a redundancy package obviously I should pay off my zero rate credit cards as they soon run out. Should I pay the big loan attached to the mortgage off leaving me with very little or should I hold out for further employment?
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Comments
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if the loan is at a reasonable rate it might be worth not paying off as somewhere down the line you may need means tested benefits and paying off anything you dont have to now could be assessed as deprivation of capital by the DWP0
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