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Loan 'protection' question
Olderbutnotwiser
Posts: 667 Forumite
Hi,
We took out a loan almost two years ago, the term was 48months.
I arranged separate loan protection myself as I thought if the worst happened this loan could push us over the edge.
Now my husband has been made redundant and I'm thinking woo hoo so glad I bought loan protection.... until..... I spotted that the loan is in joint names and the protection is just in his name, will this cause me problems?
Will they pay back the £329pm or maybe just his half, or have I been wasting time and money paying this for two years??
Feel a tad daft now!:o
We took out a loan almost two years ago, the term was 48months.
I arranged separate loan protection myself as I thought if the worst happened this loan could push us over the edge.
Now my husband has been made redundant and I'm thinking woo hoo so glad I bought loan protection.... until..... I spotted that the loan is in joint names and the protection is just in his name, will this cause me problems?
Will they pay back the £329pm or maybe just his half, or have I been wasting time and money paying this for two years??
Feel a tad daft now!:o
LBM- finally kicked in 16/12/08 @ [strike]£41,862 [/strike] £0.00/ DFD- 24/12/13 
0
Comments
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Is this the wrong place for this question or just a daft question?
LBM- finally kicked in 16/12/08 @ [strike]£41,862 [/strike] £0.00/ DFD- 24/12/13
0
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