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Insomniac666
Posts: 394 Forumite
in Loans
If WCF were to go bust as i noticed on their site thanks to my in-laws who has a loan with them, what will happen with repayments/car? she's had it about 17 Months.
Would the look to pass debt, or reclaim car etc..? if they passed debt could a better rate be agreed with the new company etc..?
Would the look to pass debt, or reclaim car etc..? if they passed debt could a better rate be agreed with the new company etc..?
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If the person with the loan is in a position to make a full & final settlement on the loan she could probably get a good deal at the moment.
Not possible to say what would happen if the company went into administration, would depend on what deals the administrators could do to get the best price for the debt/car etc.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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