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Payment Protection Insurance with Bad Car Credit


Don't worry about your car loan repayments or hire purchase if you're unable to work.

Accidents, sickness, unemployment. They can happen anytime. And if suddenly there's no money coming in, you could struggle to keep up with your financial commitments - including your new loan or HP agreement.

But don't worry. We got you covered with Payment Protection Insurance. It ensures that your loan continues to be paid if you find yourself unable to work for a prolonged period, due to sickness , an accident, unemployment or, at worst, loss of life.

So you can have a peace of mind, and all for just a small supplement on your monthly payments

Type of insurance and cover

bad car credit car protectionThe payment protection insurance policy pays your loan or hire purchase agreement repayments if you are unable to work because of sickness, an accident or you are made unemployed. It will also provide benefit in the event of your death.

Features and Benefits

Accident and Sickness cover

  • If you are unable to work for more than 14 days in a row (the waiting period), on day 15 we will pay one half of the monthly benefit.

  • If you remain off work for a further 15 days, on day 30 we will pay the remaining half of the monthly benefit.

  • We will then pay monthly benefit at the end of each complete 30 days you are off work up to the term of the loan policy.

Unemployment cover

  • If you are unable to work for more than 30 days in a row (the waiting period), on day 31 we will pay one monthly benefit equal to your monthly loan repayment.

  • We will then pay monthly benefit at the end of each complete 30 days you are off work up to the term of the loan policy.

Life cover

  • If you die, we will pay the outstanding balance at the date of your death for all your agreements insured by up to a maximum of £50,000.

Eligibility criteria

If you are in paid work for at least 16 hours per week, are aged over 18 and under 65, are living in the UK and have a credit agreement, you are eligible for Payment Protection cover under the policy.

Duration of the Policy

The policy will remain in force for a maximum of 60 months from the date of commencement of your loan or hire purchase agreement (or as otherwise shown on your policy document). Subject to terms and condition.

Changing Your Mind - Your Cancellation Rights
You have the right to cancel your policy during a period of 30 days either from the day of purchase of the contract or the day on which you receive your policy documentation, whichever is the later. A full explanation of your cancellation rights can be found in your policy document.

The benefits to you

  • You don't have to worry about your HP agreement or loan repayments if you're unable to work so they're not a burden on you or your family.

  • You're protected from gaining a bad credit rating for missed payments when you have far more important things on your mind.