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Outstanding loan from deceased parent

jonny42
jonny42 Posts: 3 Newbie
My Dad recently passed away and has 2 years left on a car loan of £131 a month. My mum is unable to pay this amount as she only receives state pension. How can this be resolved???

Comments

  • was it HP and have more than half the payments been made?if so it can be handed back with probably no penalty
  • no it was a loan, he's paid 3 years on it. Not an issue about the car, just the remaining finance on it
  • withabix
    withabix Posts: 9,508 Forumite
    Has the Will been dealt with?
    British Ex-pat in British Columbia!
  • CLAPTON
    CLAPTON Posts: 41,865
    10,000 Posts Combo Breaker
    Forumite
    what are the details of this estate ?
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  • TonyMMM
    TonyMMM Posts: 3,452
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    Whoever deals with your father's estate will have to establish what debts there are, and what assets available. If there is no cash to settle the loan - the car may need to be sold.
  • tonkinator
    tonkinator Posts: 103 Forumite
    Does your mum need the car?
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