We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Loan advice

Options
Luckyjammygit
Luckyjammygit Posts: 27 Forumite
in Loans
Hello all

I have a personal loan and will soon be made redundant.

I am paying for cover but this only covers payments for 12 months.

My question is would they accept an offer to pay off the loan amount minus the years payment that is covered rather than having to come back after 12 months?

Thanks for any replies.

Comments

  • BenL
    BenL Posts: 3,189 Forumite
    I would hazard a guess at no. This is only a guess though.

    Please check your PPI product terms and cons and check that it will cover you as there has been a lot of mis-selling going on of the product that will not cover people.

    Then check with the lender.

    Ben
    I beep for Robins - Beep Beep
    & Choo Choo for trains!!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture