hello i am x british forces living and working in Germany .i was medical discharge from the army in 2007 . I also have an account with HSBC in the uk ,wich i receive 125 uk pounds everymonth without fail under the armed forces compensation scheme . I would like to come back to the UK to live ,but i have a car here on finance. The payments go through Santander in Germany .is there anyway that IVA could help me ? if i was to pay 125 a month to IVA so my car can be paid off . I worried i will be stuck in Germany until the car is paid off . thanks for your help john
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
car finance and 4 thousand euro on a loan from my German bank account . the loan wouldnt really be a problem .. its just the car because its on finance .. i cant take the finance back to the UK i was told . so the car needs paying for before i can leave Germany .i have been in germany for a good few years now .. and i would like to come home to the UK at some point
I have no idea on the finance part of things - is there anyway you could pay this off beforehand for you?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
if i had the money on my UK account ,i could transfer it onto my German account and pay for the car .i was trying to look for maybe a loan company in the uk that would handle monthly payments of 125 ..it would mean i would lose that money everymonth ,but least i would be home.other than staying here for the next few years or i bump into abit of money ,i really dont see any other way of doing it .
You could try for a loan which would, in my opinion, be better than an IVA.
Hopefully one of the more knowledgeable experts can pick up on this and advise.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
