If i lose my job what can the citzen advice bureau do?

in regards of me having a loan that is unsecured of course i would want to get back in to work as soon as possible but if my work sacks me because my job is target based how can i be able to pay my loan if i dont have job and i am also looking for a job to get back into. the loan ppl did advise that if i had income like job seekers they could reduce monthly payments til i get back on feet but if no income i wud have to go to a third party i.e citzens advice.


also i was concern as i living with my parents in a council place they wud come and take all my parents stuff in the house because i am not paying the loan. the loan ppl advised me thats not the case and that my loan is not secured against my parents house or any items and that the only ppl that have authority is inland revenue and the council she did say that if i didnt pay anything at all and ignored all corresponsdence then it wud mayb pass to a independent debt collector who will knock on my parents door and ask for me but just for payment appararently they have no right to come in to the property take stuff. the person who told me is from the loan ppl i got the loan off which is lloyds and she worked in collections and debt recovery so i guess she knows the rules please helpIf i lose my job what can the citzen advice bureau do?
go to citizens advice, it's a free service and they will advise you and contact your creditors (debts) to suggest pro-rata payments to each of them which is calculted on how much you owe to each company but 'only after you have deducted all your living expenses' like rent, food, council tax, gas, electric, clothing travel costs, etc etc, then what ever is left would be distributed to your creditors as a 'slice of the cake' to each one. do not delay or ignore your creditors, get it sorted out asap. It may be that whilst on jsa you may only have to pay a nominal sum like 拢1 per month until you get paid from a job.If i lose my job what can the citzen advice bureau do?
lets face it - you ignore letters and phone calls from Lloyds and they will pass the debt on to debt collectors. not good - they will put their own charges on top and you end up with a bigger debt to pay. you have done the right thing - you have informed them that you may experience trouble paying the debt if you loose your job and the alternative is to arrange to pay reduced payments until your situation improves. all good. dont worry if you do loose your job you make smaller payments - Lloyds will be happy because you are paying them something instead of nothing and you wont be having people knocking on the door demanding money. the loan isn't secured on anything so there isn't anything they can demand - apart from some money from you (however much you can afford) the only thing i can say is - dont go back on any agreements you have with Lloyds if you have difficulties or the debt will be asked for in full with no negotiations.


ps - hope everything goes well and you are worrying over nothing :)
Citizens Advice can tell you your rights and responsibilities.





If you can't afford to keep up your loan payments, you can agree a repayment schedule you can afford with the lender. If you're not confident to do this yourself, Citizens Advice can do it for you.





Provided you keep in touch with your lender and you do what you promised to do, they won't send the debt collectors round. If they do, they can make a lot of fuss, but they can't take anything away without a court order and they're not allowed to take anything that doesn't belong to you.
Citizens Advice will tell you how to make an offer of payment to the loan company. With an unsecured loan it is in the best interest of the loan company to accept a reasonable offer of payment.