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Endowment Question
Rose_Crow
Posts: 400 Forumite
Hi all,
My boyfriend has a 10 year endowment which matured a few years ago. He still paying into it, but now wants to reclaim the money to pay off a credit card.
I'm trying to help him out, but I have no idea about endowments (it's not one of the ones on a mortgage). I'm a bit confuzzled, so bear with me. I believe he can just write a letter to Scottish Widows and reclaim it that way, but we were wondering whether companies such as AAP would give him a better price. Or is that only for people who's endowments haven't matured?
Any help in layman's terms is hugely appreciated!
My boyfriend has a 10 year endowment which matured a few years ago. He still paying into it, but now wants to reclaim the money to pay off a credit card.
I'm trying to help him out, but I have no idea about endowments (it's not one of the ones on a mortgage). I'm a bit confuzzled, so bear with me. I believe he can just write a letter to Scottish Widows and reclaim it that way, but we were wondering whether companies such as AAP would give him a better price. Or is that only for people who's endowments haven't matured?
Any help in layman's terms is hugely appreciated!
0
Comments
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Hi all,
My boyfriend has a 10 year endowment which matured a few years ago. He still paying into it, but now wants to reclaim the money
Eh ? I suspect you don't know what matured means.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
I'm not clear why he's paying into it if it's already matured but he should first contact the life company to get a valuation. Companies like AAP usually buy endowments that haven't matured so they may not be interested but it can't hurt to give them a ring.0
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