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Bad news from cab

2»

Comments

  • abertawe1
    abertawe1 Posts: 216 Forumite
    did you take a loan out to buy a car or did you get the car on hp?:o
  • PippaGirl_2
    PippaGirl_2 Posts: 2,218 Forumite
    Are you talking to me? I've never had either a loan for a car or HP on a car.

    The OP mynumber was asked that question earlier in the thread but hasn't answered if you were asking them.
    "Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them." Dalai Lama
  • mynumber
    mynumber Posts: 159 Forumite
    Hi all, Thanks for all your answers and sorry for the delay in replying. At first i thought the car was on hp but after talking to cccs i found out it was a fixed sum loan with santander. after reading all posts i guess i will just have to wait and see, the car is still worth 4500 acording to parkers. Thanks all again K x
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    Hi My number, did you give him the money or did you pay for the car with the money
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • mynumber
    mynumber Posts: 159 Forumite
    debtinfo wrote: »
    Hi My number, did you give him the money or did you pay for the car with the money
    Hi i paid for the car directly, i was under the impression it was finance as it was arrainged for by dealers, but since found out it wsnt
  • mynumber
    mynumber Posts: 159 Forumite
    mynumber wrote: »
    Hi i paid for the car directly, i was under the impression it was finance as it was arrainged for by dealers, but since found out it wsnt


    After i spoke again to cab advisor he said what was more likely to happen was my son would be asked to pay what the car is valued at and asked if he could get a couple of garages to value it as well as parkers, just to be prepared. If they take it and sell it in auction they may not get what its worth, plus there will be the fees. but as you have all said its upto the or and how they feel that day
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