I got finance

jazzzz

ive been lurking on here for ages learned a lot thats helped loads
any way the last few months our car has had a fortune spent on it but last week engine went boom
So i tried my luck and applied for car finance and have been accepted BUT
im now wondering will this make my trustee think ive got more money than i have lol and try and up my ipa
or can they stop me buying a car and i do need a car to get to and from work no car no job

battyboimatt

It depends if your currently bankrupt or discharged, if your not discharged and borrowing more than £500 you need to declare to the people you are borrowing money off that your Bankrupt this is your legal duty, if your discharged and are paying out of your allowance I cant see it been a problem, but if the care is worth more than £2000 I dont know if the or will have an intrest in it if your discharged, Im unsure,

Rammy1973

well done on getting it. which finance company accepted you ?

Ineedaname

BUMP for any more advice?

jetr77

Hi, Im having car troubles at the min and am considering trying for finance when discharged, Which company accepted you? How long have you been discharged? Thanks

jetr77

BUMP... any details would be most helpfull

Rammy1973

would of been nice giving further info on this matter

jazzzz

sorry guys not been on been busy at work
first response finance was the company u get ure own under writer who was very easy to deal with

GOODLIFE_NOW

have you been discharged then, and if so when. would have thought near on impossible to have finance as a recent discharge and def as a undischarged.

jazzzz

hi was discharged last june

now

there are companies who will secure the loan to the car like yes car finance etc, they charge a lot more for the deal but you get a car. Also I think there are companies like welcome who offer log book loans (they own the car until the loan is paid back)