car finance .Hi can anybody help I am 5weeks in for applying for a iva and have a car finance of £12,ooo £300 per month payment which I am struggling to find the car is worh about £7,000 . Could anybody tell me what happens if I give the car back to the finance company thanks ste
If your IVA is approved, will you be able to fund the finance then?
I am not sure what will happen - have a look at the small print on your agreement and see whethere or not it tells you on there.
Otherwise, one of the professionals will be along later to answer 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
Hi
If you hand the car back then the shortfall will be an unsecured loan and can be added into your proposed IVA.
What will you do for a car going forward ?
Regards
