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Advice need urgently
My brother in law took out unsecured loan to purchase a car. The loan was for 5yrs and he still has 32 payments to pay. He is now very ill with cancer and in hospice and is not likely to leave. He wife is unable to drive the car and I have had it valued at £3500. Should I sell this and how do I get bank to take this as a final payment. any ideas?
outstanding 6K
payment 3.5K
outstanding 6K
payment 3.5K
0
Comments
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Sorry about your brother in law.
Not quite sure what you mean by 'getting bank to take a final payment'?
Do you want to offer this amount to clear loan?
Did your brother take out PPI ?
If the worst happens the debt will form part of his estate (and his alone) if there is insuficent assets to cover his liabilities then the loan company will have to write off the amount owed.0
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