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i have tried to come to an agreement with my finance company over my car, because i have had a change in circumstances through no fault of my own, i cannot now afford the £118 per month payment however i have paid over half the payments so i wanted an agreement to pay less, they said the only way i could do that is to re-finance with a personal loan through them, however since i have two defaults they will not do it. so now i lose the car and they lose £1400 because i owe £2850 but the car will sell at auction for no more than £1400 so we both lose and i think thats stupid but they won't budge on anything i suggest, anybody got any suggestions to help me get around this.

Reply to
Jledi
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Get a job? Even a few hours a week at a supermarket would easily cover

118/month.
Reply to
Tumbleweed

In message , Jledi writes

I think most agreements allow you to hand back the car without penalty after you have made half of the payments.

Whilst you lose the car this way, you dont get any legal action and CCJ's, and you dont owe the £2850 anymore.

Check whether your agreement allows this as I would imagine the finance company will try to wriggle out of it.

Reply to
Richard Faulkner

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Reply to
Jledi

In message , Richard Faulkner writes

It might not be HP, it might be a loan.

Reply to
john boyle

Excellent :-)

And 10% off your shopping as well?

Reply to
Tumbleweed

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