bank loan payment insurance question?
BUT asked:
i took out a loan five years ago which ends next month. it was with lloyds for 5000 over 5 years.
they told me that i could’nt have the loan unless i tool out the payment insurance. even though i explained to them that the nature of my work with a construction agency, meant that if i lost my job or i was sick for any length of time the insurance wouldnt pay out any way.
so 5 years on and i’ve got one payment left. i’ve never missed a payment and am still with the same firm. the insurance cost me just over £1100. i can’t help thinking that i was bullied into getting the insurance even though i tried to tell them i didnt want it.
i took out a loan five years ago which ends next month. it was with lloyds for 5000 over 5 years.
they told me that i could’nt have the loan unless i tool out the payment insurance. even though i explained to them that the nature of my work with a construction agency, meant that if i lost my job or i was sick for any length of time the insurance wouldnt pay out any way.
so 5 years on and i’ve got one payment left. i’ve never missed a payment and am still with the same firm. the insurance cost me just over £1100. i can’t help thinking that i was bullied into getting the insurance even though i tried to tell them i didnt want it.