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Lloyds TSB payment Protection

dot1980
dot1980 Posts: 6 Forumite
Hi
Does anyone know if I can cancel my payment protection policy with Lloyds tsb for a loan I have, I have had the loan 2 years.
Thanks
DOT

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Writ to them but they may want to reschedule loan. The rate offered will be as your credit score today not when you took out the loan.
  • mrmajika
    mrmajika Posts: 988 Forumite
    Part of the Furniture 500 Posts Combo Breaker Photogenic
    Lloyds TSB changed their policy on this in January 2007.

    If you want to cancel your Loan protection then you can do so in branch. They will try and talk you out if it most probably, but if you're sure, they will reschedule the loan at the same interest rate as you have currently.

    Hope This Helps.
    Whilst my posts do not constitute financial advice, I am always, without fail, 100% right! :D
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