Outstanding balances, home/vehicle repossession

2 posts Page 1 of 1
Post Reply
 
 

miky_r

User avatar
Posts: 1
Joined: Mon Jan 21, 2008 11:47 am
Location:
Post by miky_r » Mon Jan 21, 2008 11:49 am
Quote
what u mean dis Outstanding balances after home or vehicle repossession
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Mon Jan 21, 2008 1:44 pm
Quote
Hi
When the home or vehicle are sold the proceeds are used to repay the loans secured on them.If the proceeds are not enough to repay the loans in full there is a shortfall and this amount would still be due and you would still be liable for it.
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
Top
Post Reply
2 posts Page 1 of 1
Return to “postings for january”