Need advice as CAB cant give it to me on the phone apparently!

Tiff_2

Hi. Not the answers you're looking for but might help someone else. CAB can do home visits in certain situations. Good luck.

Dr.Shoe_2

Assuming the car will be worth a lot more than the bubble, why not sell it beforehand (obviously you'd have to notify the finance company) pay off the last couple of payments and the bubble payment? You might have enough left to put it towards a decent car for your OH...?

PeachPickle

Floss wrote:

Insurance companies usually ask "are you the registered owner" but as I always have been, I don't know how they see another person being the owner....maybe ring your insurers & ask? Think it's to deal with parents buying little Jimmy a car for his 18th & him insuring it in his name to get the no-claims, but really it's Mummy's car....which would be almost your situation!

I worked for an insurance company when I was at uni. Only the registered owner or their spouse can insure a vehicle. The way round that is for them to insure it in their name and have you on as a named driver (which sometimes works out cheaper anyway!). Then the problem comes with the car being kept permanently at an address that isn't the registered owner's. You have to have a *damn* good reason for this or it won't be accepted, unless you fib about it - which is then fraud! This is from five or so years ago, but I doubt it's changed significantly

[Deleted User]

You don't mention any other money problems so why are you looking at bankrupcy over such a small amount?

Bankrupcy is a serious solution which means you lose EVERYTHING of value and the O.R tells you what you can keep. It also has long lasting implications after you are discharged.

If it's just the bubble payment you are worried about - why not get another loan to cover just that?

At least your credit rating etc... would remain intact.