Is it possible to cancel my insurance with a loan( Lloyds tsb bank) the payments are higher than i expected.i am in a secure job within the council,and i get full sick pay.i don't plan to leave in the next 5 years. is it safe to cancel my insurance?.
Answers:
Call the bank and ask if you can cancel it. If you have coverage in case of illness or accident, you're probably good to go.
Well, was the insurance part of the original loan contract? You have to find THAT out first. It might be voluntary, it might be contractually required. No one here can answer that.
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