Loan secured on your car stay away

cazarella

I would like to warn anyone getting a loan secured on your car more so anyone like myself with a poor credit rateing, i stupidly did this nine months ago as you start paying it they text you to ask if you want to increase the loan i did and i raised my loan to £1500 im now in default by two weeks my settlement figure is £2565 i have lost sleeep over it had to confess to my family what i have done my son-in-law has now put my car up for sale, i suffer from depression badly and my car gets me out i have now lost that independance and will have to rely on family im 53 and wonder what has gone wrong with the world we live in, please please dont get a loan on your car you will loose it like myself i dont want anyone to suffer the stress im under stay away from them.

selecta_c

Sorry this isnt going to be off any help to you but i,m guessing on your loan agreement it said in the smallprint what would happen if you didnt keep up your payments.Common sense HAS to come before greed.