Hi, would someone be able to help with my questions please?
I have a personal bank loan and have put it in section 4 unsecured creditors. When i took out the loan, i also took out the loan protection policy that the bank offered, I know it was really really expensive but they do make you feel that it would be an advantage in processing your application. The insurance premium was added to the loan at source and the monthly payment was always taken out as one lump payment. Do I need to identify the personal loan and the insurance seperatly on the forms? Am I making sense?
The only other question I have is on section 8.1. In the last colunm listed 'what insurance is currently in force & expiry date' - can someone explain this to me please.
You should put the loan and insurance together rather than separating it.
I am not too sure about section 8.1. There is no problem with leaving it blank and you can mention to the OR when you have the interview that you weren't sure what to enter in this section.
Can anyone advise me please.
Posted - 28 October 2009 : 09:58:02
