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How do I get out of this please?

1235»

Comments

  • Thanks for the response.

    I have written to Capital explaining and asking for advice.

    The car is worth about £8000. The loan has £13000 left to pay on it, that is without any penalty that Capital also impose.

    I think it may just be easier to include it in my bankruptcy!
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    Thanks for keeping us updated. I hope, although I wouldn't bet money on it, that Capital do offer some help.
    If you are considering filing for bankruptcy, come and visit us on the Debt Free Wannabes board - you'll find lots of help and advice there.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • Hay_2
    Hay_2 Posts: 222 Forumite
    Did you check out the motability scheme~seeing as though you receive the highest rate of the mobilty and,I assume,care component?
    Good Luck getting this sorted
    New Year~New Start!!:beer:
    Getting on back on the moneysaving wagon in 2009!

    January grocery challenge~ £400 Spent £49.55
    £100 clothes for a year~Spent £0
  • I haven't got DLA yet. But even when I do, I still have the problem with the car I have!

    I will phone Capital today
  • I got a letter this morning giving me the DLA! I have been awarded the full mobility and the lowest care component.
  • Hay_2
    Hay_2 Posts: 222 Forumite
    I haven't got DLA yet. But even when I do, I still have the problem with the car I have!

    No I understand that~was just thinking if it was urgent that you needed an adapted car you better get started on the motability side of things quick as there is a longish waiting list.But then I guess you'll not be able to drive for a while after surgery.....
    New Year~New Start!!:beer:
    Getting on back on the moneysaving wagon in 2009!

    January grocery challenge~ £400 Spent £49.55
    £100 clothes for a year~Spent £0
  • I can get a car on mobility with automatic transmission by Christmas!

    Surgery is not planned until next Spring.

    Haven't had any joy with Capital yet!
  • Okay, final settlement figure from Capital is £11.009.51

    I had the car valued yesterday at £7000

    I am going bankrupt on 20/11 so it is not a problem any longer.

    Thank you all for your help and guidance with this, much appreciated.
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