Advice on debt options

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Post by elvijs » Tue Feb 18, 2020 3:56 pm

I have cae finace left 8.5k ( intrest i alredy finish pay. ) Car engine blow up and i sold. :(
Then i have car finace 8.5k
Sunny credit 970£
Paypalcredit 700£
Mutal credit i thimk left some 900£
barclaycreditcard 250£
capital creditcard 450£

Can you help me please ?


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Post by Foggy » Tue Feb 18, 2020 4:10 pm
You need to speak directly with an insolvency firm to discuss the whole picture. If the car finance was secured on the vehicle it cannot be included in an IVA and the car should not have been sold. But there may be other options.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

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Post by Lisa Thomas » Wed Feb 19, 2020 9:41 am
We need a lot more information to be able to advise you on your options.

Have a look at my short video here which might help you narrow down which option is more suitable for you.

try and speak to a charity for free advice here:
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: ... Z5k9ZcC2MA 01752 786800
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