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Loan insurance during Ill period

Makemerich
Makemerich Posts: 230 Forumite
What happens about your loan when you phone up and tell them you need to use the ppi because you're currently only getting sick pay from work?

I don't like the fact that my loans eating up all the money i'm getting so might use this option.

Comments

  • ~Brock~
    ~Brock~ Posts: 1,714 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Makemerich wrote: »
    What happens about your loan when you phone up and tell them you need to use the ppi because you're currently only getting sick pay from work?

    I don't like the fact that my loans eating up all the money i'm getting so might use this option.

    Might use this option? Why only might? It's what its there for!!! Get on the phone and ask for a claim form!
  • Thing is i've only got a few more weeks left and i totally forget i had this,Can you backdate with it? :confused: My next payment is due this week
  • ~Brock~
    ~Brock~ Posts: 1,714 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Makemerich wrote: »
    Thing is i've only got a few more weeks left and i totally forget i had this,Can you backdate with it? :confused: My next payment is due this week

    Yes you should be able to backdate it, but be quick!! You will need proof of how long you have been off work ill, which should come from your doctor.
  • Thanks,i've paid one payment and it will be two tomorrow as i just missed them so will have to make sure i have the funds in my account.
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