struggling with a repayment on my car finance

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bha

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Post by bha » Mon Feb 04, 2008 3:04 pm
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I am struggling with a repayment on my car finance!
I was supposed to be promoted, but as my then manager, had to relocate to Dubai, my promotion is not so foreseeable at the moment!
I am on £1110, and the car finance plus insurance comes to a total of £350 per month. On top of that, I am paying £400 rent, £200 travelcard and £100 fuel!
What can be done to help me?
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abc

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Post by abc » Mon Feb 04, 2008 4:49 pm
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You have not mentioned if you have any other debt etc. Based on your income & expenditure you can not currently afford the vehicle as you have not taken into road tax, servicing and food. Do you need the car as I see you pay £200 for a travel card!
Alan Coleman
Licensed Insolvency Practitioner with over 20 years experience and specialist for IVAs for self employed people

www.jmmarriott.co.uk
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