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Car Loan

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Comments

  • Hax
    Hax Posts: 890 Forumite
    mokhzaid wrote: »
    Secured debts usually are tied to an asset, like your car for a car loan,

    But you still need a fairly decent credit record and a reasonably sized deposit.

    Regardless, it would be a breach of the OPs DMP to take out further agreement and would (most likely) land them in "trouble" so it would be unwise to encourage them to pursue this.
    My posts are my own opinions based on my experiences and info gathered from sites such as this.
    They are not a substitute for professional financial advice - but you knew that already didn't you? ;)
    VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!
  • redpete
    redpete Posts: 4,757 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    barley19 wrote: »
    I didn't ask your opinion I asked if it was possible

    you're going to get mine too (if you're still reading)...
    Is it possible to get a car loan if I in a debt management plan?

    I certainly hope not for several reasons, including your future financial stability.
    loose does not rhyme with choose but lose does and is the word you meant to write.
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    No, you're a proven bad payer who now wants to take on more debt which you probably won't pay...learn to cycle or catch the bus.
    "We want the finest wines available to humanity, we want them here, and we want them now!"
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well I doubt we'll hear from Barley19 again.Shame really seemed like such a nice person.
    Space available for rent
  • drew2k9
    drew2k9 Posts: 521 Forumite
    troll?

    or one of our "friends" in disguise?
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    drew2k9 wrote: »
    troll?

    or one of our "friends" in disguise?

    Maybe either, but more likely, a person who already has stacks of debt trying to live even further beyond their means...thank God those days are over.
    "We want the finest wines available to humanity, we want them here, and we want them now!"
  • drew2k9
    drew2k9 Posts: 521 Forumite
    i just hope i never get to that point, i think it would happen a lot easier than most think, but i am going to keep on top of my finances and make sure it never does!
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    drew2k9 wrote: »
    i just hope i never get to that point, i think it would happen a lot easier than most think, but i am going to keep on top of my finances and make sure it never does!

    Drew,in my opinion, the very fact that you are here and an active poster makes that scenario unlikely.

    :)
    Space available for rent
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