Morning all,
I took out a loan in March of this year for £7500 with my bank(Lloydstsb), and was sold payment protection policy by the bank manager, but now I know a bit more about these schemes not being very good, I looked up my original loan agreement and noticed that it was costing an extra £30 a month which I could be using for other things. Can I just go down to the bank and say I want to stop the payment protection policy? or is it more complex than that? Would I need to draw up a new loan agreement with them? or failing that, get another loan to pay off this one?
Regards
Austin