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In a DAS and need a little advice
boab2791
Posts: 1 Newbie
We are currently several months into an 11 year Debt Arrangement Scheme in Scotland.
One of my defaults was for a Personal Loan used for a Car Purchase, the loan was through a Honda Finance. Now everything is going relatively smoothly with the DAS but I have one little question concerning the car.
I kept the car when the Finance company offered to sell it and offset the amount from sale against the amount owed as I very much need my car to get to work as I'm a Bus Driver and start/finish and all hours.
I'm now thinking of selling the car for cash to get some extra cash as still finding times difficult and get a cheaper/older car as a run around for work. Can I legally do this as it was a Personal Loan and not HP?
Cheers
Rob
One of my defaults was for a Personal Loan used for a Car Purchase, the loan was through a Honda Finance. Now everything is going relatively smoothly with the DAS but I have one little question concerning the car.
I kept the car when the Finance company offered to sell it and offset the amount from sale against the amount owed as I very much need my car to get to work as I'm a Bus Driver and start/finish and all hours.
I'm now thinking of selling the car for cash to get some extra cash as still finding times difficult and get a cheaper/older car as a run around for work. Can I legally do this as it was a Personal Loan and not HP?
Cheers
Rob
0
Comments
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Do a hpi check, very suprised if their is not a finance marker on itDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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