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Redundancy Protection Allows Security
Insurance If you should lose your income and job through redundancy, you would still have to be able to find the money each month to be able to carry on paying your creditors. If you cannot then you face getting behind into arrears and if this is with your mortgage then you are looking at facing the prospect of repossession. If you get into debt with loan and credit card outgoings then you face a bad credit rating and possibly a day in court and a Count Court Judgement against you.
