www.iva.co.uk

Hi how will know if my vehicle is secured or unsecured on my fixed sum loan agreement? what wording is there?

Hi Joe,

Normally you will find on the credit agreement (usually on the front page) a box.

In the box it will say something about repossession rights on there (normally about half way down)

Carl

Fixed sum loan agreements are loans normally. I have dealt with some where the finance company have tried to maintain they have been secured but these cases have been thrown out as mis-leading.