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Serious Advice please....My Redundancy has caused me not to be able to pay my loan
gav23welsh
Posts: 14 Forumite
in Loans
Hi Guys,
Any advice you can offer me would be great. In a nutshell I took my loan out with Lloydstsb nearly 3 years ago, and I've never missed a payment. I got made redundant back in March, and I've been using every bit of last penny I've got making sure I didnt miss a payment every month. As time has gone by the pot has nearly run dry
I reckon I've got enough for 1 more payment
I really dont know what to do guys, I've tried to get a job everywhere. This is causing me so much worry my doctor has diagnosed me with Depression today
My monthly payment is £320, and my working benifits each month is approx £280. I've been dreading this day, and I havent got a clue what to do!
If anyone can offer any advice I would be grateful? What can I expect as soon as I make the Bank aware of my suitation?
Any advice you could offer I would be so grateful
Any advice you can offer me would be great. In a nutshell I took my loan out with Lloydstsb nearly 3 years ago, and I've never missed a payment. I got made redundant back in March, and I've been using every bit of last penny I've got making sure I didnt miss a payment every month. As time has gone by the pot has nearly run dry
I reckon I've got enough for 1 more payment
I really dont know what to do guys, I've tried to get a job everywhere. This is causing me so much worry my doctor has diagnosed me with Depression today My monthly payment is £320, and my working benifits each month is approx £280. I've been dreading this day, and I havent got a clue what to do!
If anyone can offer any advice I would be grateful? What can I expect as soon as I make the Bank aware of my suitation?
Any advice you could offer I would be so grateful
0
Comments
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When you were made redundant did you go straight to Lloyds and let them know of your situation or did you sit back in the hope that you would get a job in the meantime?"If you no longer go for a gap, you are no longer a racing driver" - Ayrton Senna0
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How much of the £280 can you free up to service the debt? This may determine whether you can re-negotiate the loan...perhaps extend the term for example.
What was the loan for? If a car or similar then could you sell it/downsize to free up some cash in the short term?0 -
Previous thread here.
https://forums.moneysavingexpert.com/discussion/comment/56314863#Comment_56314863
Does your loan have PPI?0 -
OP did you follow on through with any of that advice that was posted in your other thread ?0
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Hi guys I didn't tell lloyds when I become redundant because I never expected to be out of work this long, the loan was to pay off debts such as credit cards and loans, they put all my debts in to one big loan. I can afford between 50 to 100 a month at a push0
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It's hard to offer any sort of help if you don't answer any questions.0
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Hi opinions4u, I'm pretty sure my loan doesn't have ppi, will cause more of a problem because I don't have ppi?
Thanks gav0
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