General Car Related Discussion. To discuss anything that is related to cars and automotive technology that doesnt naturally fit into another forum catagory.

question about loans

Thread Tools
 
Search this Thread
 
Old Apr 13, 2006 | 06:55 PM
  #1  
Mrs T's Avatar
Mrs T
Thread Starter
Super Moderator
 
Joined: Aug 2004
Posts: 10,410
Likes: 7
From: Ramsgate
Default question about loans

have a loan took out the payment protection now question is if i get signed off by doctors for a few months or something will my loan get paid
or do i still have to pay it monthly
Reply
Old Apr 13, 2006 | 06:57 PM
  #2  
pollocks's Avatar
pollocks
Advanced PassionFord User
 
Joined: Oct 2003
Posts: 1,845
Likes: 0
From: west yorks
Default

it gets paid for you if its a case of you have a doctors note stateing u can't work for what ever period but u will have to check the small print to se if theres a clause in your loan saying it will only becovered in this way for a certain length before u have to pay it again your self
Reply
Old Apr 13, 2006 | 08:00 PM
  #3  
Iain Mac's Avatar
Iain Mac
PassionFord Post Whore!!
 
Joined: Jun 2003
Posts: 4,903
Likes: 6
From: Scotland
Default

Not all policies cover sickness, sometimes it is only redundancy so you need to check the terms to see if you are covered. There's normally a waiting period at the start where you have to cover the first (say) 30 days and only then does the insurance kick in - often it won't make the first payment until you've been off for ANOTHER month after that.

And as stated above, it is usually only going to pay for a limited amount of time.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
M7 COS
Wheels and Tyres
3
Oct 1, 2015 04:46 PM
locum8
Technical help Q & A
5
Oct 1, 2015 01:50 PM
Iain Mac
General Car Related Discussion.
7
Sep 30, 2015 09:39 PM
stevecfrst1
Cars for Sale
1
Sep 30, 2015 05:18 AM




All times are GMT. The time now is 05:00 AM.