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Help!! Loan Insurance refuse to pay !

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  • 15-09-2011 1:27pm
    #1
    Simonigs1
    Closed Accounts Posts: 1 ✭


    Hi Guys,

    This is my first post here, but I'm hoping someone may be able to help.
    I lost my fulltime job a few months ago , (Christmas) and had a big loan to pay the Bank still. I was offered another 'full time' job straight after and because of my financial situation I took it. This job, which I was told would be full time, turned out only to be Christmas & New Year cover. I have been unemployed since.
    I have since filled in all of the required forms for a certain loan insurance company, (they may begin with G) and they have written back to me today to tell me they won't pay my loan because I was only in temporary employment, and my work was seasonal.
    What do I do? the job I had before the '2 week full time' job was for 7 years and I only took the 2 week job to pay my Christmas debts. It looks like if i'd never had taken the 2nd job my loan would be paid.

    So, has anybody any advise / experience of this? I'm in a big hole now.
    Thanks in advance,
    Simon


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  • Options
    #2
    dudara
    Registered Users Posts: 33,519 ✭✭✭✭dudara


    Moved to Banking & Insurance & Pensions

    dudara


  • Options
    #3
    Kennie1
    Registered Users Posts: 302 ✭✭Kennie1


    Simonigs1 wrote: »
    Hi Guys,

    This is my first post here, but I'm hoping someone may be able to help.
    I lost my fulltime job a few months ago , (Christmas) and had a big loan to pay the Bank still. I was offered another 'full time' job straight after and because of my financial situation I took it. This job, which I was told would be full time, turned out only to be Christmas & New Year cover. I have been unemployed since.
    I have since filled in all of the required forms for a certain loan insurance company, (they may begin with G) and they have written back to me today to tell me they won't pay my loan because I was only in temporary employment, and my work was seasonal.
    What do I do? the job I had before the '2 week full time' job was for 7 years and I only took the 2 week job to pay my Christmas debts. It looks like if i'd never had taken the 2nd job my loan would be paid.

    So, has anybody any advise / experience of this? I'm in a big hole now.
    Thanks in advance,
    Simon
    Put a compaint in writing outlining the above, go through their complaints process and if need be esculate your complaint to the Financial Services Ombudsman. I believe that FSO has had many complaints about "G" and has unheld quite a few but not all as their T&C's are quite tight.

    Good luck and post the out come as it may inspire others in a similar situation!


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