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M4tt

posted on 8th Apr 04 at 19:32

oh, ill ring up for that then, i just feel like a mug paying for the insurance when i don't really need it -

if i lose my job it'll pay, but only if i get made reduntant - not sacked etc

illness - have to be ill for x amount of time, but i've never been ill and im sure if it did happen i'd be able to get some help from my not so help ful dad :lol:


Paul H

posted on 8th Apr 04 at 19:25

quote:
Originally posted by M4tt
thing is though is i stupidly took the insurance out on the loan as well -

i asked my not so helpful dad nad he didn't have me an answer so i thought i'd get it ( better to be safe that sorry :( )

so its bumped my overall amount up to some high amount (5500) but its charged at a monthly rate, so the quicker i clear it the less it will cost me overall...

i've had the loan for 3 months.
you may get a rebate for the insurance if you pay it off.i did with my loan:thumbs:


Skinner

posted on 8th Apr 04 at 19:25

cant u just cancel the insurance
i was able 2 do that on my loan


M4tt

posted on 8th Apr 04 at 19:24

cheers every1

ill give em i bell now i know a bit more about it :D

thanks

[Edited on 08-04-2004 by M4tt]


M4tt

posted on 8th Apr 04 at 19:23

thing is though is i stupidly took the insurance out on the loan as well -

i asked my not so helpful dad nad he didn't have me an answer so i thought i'd get it ( better to be safe that sorry :( )

so its bumped my overall amount up to some high amount (5500) but its charged at a monthly rate, so the quicker i clear it the less it will cost me overall...

i've had the loan for 3 months.


Paul H

posted on 8th Apr 04 at 19:22

yeah you can do that but you might still have to pay the same ammount per month till the rest is payed off


Skinner

posted on 8th Apr 04 at 19:08

yeha u can pay that 2 it mate but u would b better putting it in the bank so u get interest and when u get enough 2 pay it all back do it


shrews corsa

posted on 8th Apr 04 at 19:08

depends! some let you do it some dont and also some that do will charge for doing it but some dont :lol:


M4tt

posted on 8th Apr 04 at 19:05

hello

i've got a loan out with marks and sparks at the moment which i've used to buy my car. it was for 4K, but i want to sell up and get rid of the debt -

my car isn't worth enough to clear the debt completly - can i give say 3500 to the loans company and still pay the last remainding amount monthly?

ill probably still owe about 1000 pounds.

im not sure if you can do this - i've got a feeling that you either pay it all off or nothing?