We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Should I cancel ppi premiums
Pay_no_attention
Posts: 140 Forumite
I a about to start to reclaim mppi. What I would like to know is that the policy is still running. Should I cancel the dd and stop paying the premiums or should I let them continue whilst going through the process.
[STRIKE][/STRIKE]Outstanding debt Jan 11 [STRIKE]£77,500[/STRIKE] Jan 12 [STRIKE]£65,800[/STRIKE] Jan 13 [STRIKE]£49,300[/STRIKE] July [STRIKE][/STRIKE]£42,000 August £40,720[STRIKE][/STRIKE]September £38,400
0
Comments
-
If you die in the next few weeks, became ill or were made redundant, how are you going to pay your mortgage?Non me fac calcitrare tuum culi0
-
I wouldn't be able to claim anything as I am self employed and always have been. The policy is therefore no good to me. Never has been.[STRIKE][/STRIKE]Outstanding debt Jan 11 [STRIKE]£77,500[/STRIKE] Jan 12 [STRIKE]£65,800[/STRIKE] Jan 13 [STRIKE]£49,300[/STRIKE] July [STRIKE][/STRIKE]£42,000 August £40,720[STRIKE][/STRIKE]September £38,4000
-
Are you sure it will not cover you if you are self-employed?
Most MPPI does.0 -
Pay_no_attention wrote: »I wouldn't be able to claim anything as I am self employed and always have been. The policy is therefore no good to me. Never has been.
that might be the case of PPI on some loans or some credit cards, but i doubt it's the case with your mortgage cover.
If you did have unemployment cover, it would probably kick in once you started claiming JSA or the equivalent.Non me fac calcitrare tuum culi0 -
most ppi covers self-employed, but that issue is only the unemployment cover on the policy. there is no issue with sickness. so to say PPI doesnt cover self-employed is incorrect.
so as taff said if you become ill or die (assuming life cover is attached) how will you pay the mortgage?0 -
If this si the same cover you've talked about on your other thread, then again, you can't complain it was missold if you forgot to cancel it.Non me fac calcitrare tuum culi0
-
Pay_no_attention wrote: »I wouldn't be able to claim anything as I am self employed and always have been. The policy is therefore no good to me. Never has been.
Who told you that then?make the most of it, we are only here for the weekend.
and we will never, ever return.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards