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Advice needed on a loan query
Hi all, I am looking for some advice.
I have a car on finance that equates to £380 a month payment. There is approx £18000 settlement figure on the car. We recently got engaged and I now realise I don't need a car of this value at all (should have realised this earlier). The problem is that any of the garages I have approached will only offer me £15000 for the car.
I have never been good with money and can never remember having any savings. At the moment my pay just covers all my DD with enough left over for food, etc for the month. I already have a loan for 2500 that I have made regular payments on but when I asked Halifax to increase this it was declined. I really want to get rid of the car now but I think the huge outstanding amount will put banks off lending to me.
I would like to go for a "bad credit" loan but after reading a few posts on here I don't know where to apply. I would need £2000 I would say to get it cleared. Anyone know where I could apply?
I have a car on finance that equates to £380 a month payment. There is approx £18000 settlement figure on the car. We recently got engaged and I now realise I don't need a car of this value at all (should have realised this earlier). The problem is that any of the garages I have approached will only offer me £15000 for the car.
I have never been good with money and can never remember having any savings. At the moment my pay just covers all my DD with enough left over for food, etc for the month. I already have a loan for 2500 that I have made regular payments on but when I asked Halifax to increase this it was declined. I really want to get rid of the car now but I think the huge outstanding amount will put banks off lending to me.
I would like to go for a "bad credit" loan but after reading a few posts on here I don't know where to apply. I would need £2000 I would say to get it cleared. Anyone know where I could apply?
0
Comments
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you are maxed out unless you earn more than 50k a year...forget it and pay the car down as fast as you can...what is the loan for the car? can you not hand it back after so many payments..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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