Loans2Go - Car Repossession

fevlo

Roisin1992 wrote: »

Thank you SeanG79 for your constructive comments. I made the payment yesterday, have been able to have the repossession cancelled & negotiated a payment plan for the remainder of the 6 months. I have also started a part time job recently which will also help the alleviate some of the situation as with my general day to day bills & debt repayment commitments I have not had any cushion should anything go wrong such as now.

Johnnytwostep, CHRI5, Lioness Twinkletoes & Lung Boy thank you for your completely unnecessary comments. I don't think I ever said it was their fault, I think I was annoyed that they offered to help resolve the situation in the first place & didn't although have done so now ! I think I acknowledged that it was probably not the right decision at the time & I BOUGHT the car from my Father 2.5 years ago who had the car from new & it has a sentimental attachment ! I hope that clears up your confusion so that you don't have to put your own interpretation on my situation. I think I will probably think twice about asking for advice on here again !

There are quite a few people on here that don’t understand what it’s like to be in debt to the point that you will do anything for some money unfortunately there seems to be a need to shoot down the people who have made poor decisions financially. The power of hindsight would be great!
Sometimes where money is concerned, desperation takes control.

Sounds like you have sorted the repo issue out, is the payment plan you have agreed too affordable?
They have helped on this occasion but they may be less willing too help should you not stick to the arrangement so it’s best to ensure its realistic now than over commit and have problems later on.

Lungboy

No need to have a go at me, I was simply agreeing that it sounded as if you were discussing a log-book loan rather than an unsecured personal loan. I wasn't passing judgement on the situation at all, because that's nothing to do with me.

Gaz83

fevlo wrote: »

There are quite a few people on here that don’t understand what it’s like to be in debt to the point that you will do anything for some money unfortunately there seems to be a need to shoot down the people who have made poor decisions financially. The power of hindsight would be great!

And there are also more than a few people on here who have been in a ton of debt before, and managed to get out of it by making sensible decisions, and who are able to advise people away from making the same mistakes they have in the past.

Gaz83

Roisin1992 wrote: »

I don't think I ever said it was their fault

You did say that you shouldn't have been allowed to take the loan out, which implies responsibility lies with the lender and not the borrower.

Anyway, glad you have it resolved.

Rajix

I have a loan with Loans2go. I've had it for months. I earn good money so can easily pay it back each month. This company helped me out when no other creditor would. The sublime credit market is cut throat. If you have a plan stick with it or they will take the car. They just auction them off for the loan amount which is 400-600 average. I've borrowed from them multiple times. I've been known to borrow and settle within 30 days and pay no interest multiple times. Its a good system if you pay on time. Its just like having an overdraft......

DCFC79

Rajix wrote: »

I have a loan with Loans2go. I've had it for months. I earn good money so can easily pay it back each month. This company helped me out when no other creditor would. The sublime credit market is cut throat. If you have a plan stick with it or they will take the car. They just auction them off for the loan amount which is 400-600 average. I've borrowed from them multiple times. I've been known to borrow and settle within 30 days and pay no interest multiple times. Its a good system if you pay on time. Its just like having an overdraft......

Don't you want to get off the loans2go cycle ?

Old thread you dragged up.

CHR15

Rajix wrote: »

I have a loan with Loans2go. I've had it for months. I earn good money so can easily pay it back each month.

You clearly cannot on the wages Loans2go pay you.

pvt

Rajix wrote: »

This company [STRIKE]helped me out[/STRIKE] took advantage of me when no other creditor would.

Fixed that bit for you.

Rajix wrote: »

Its just like having an overdraft......

Of course it is.

If I don't pay an overdraft off, my bank will be round here with a tow truck just as quickly......

Rajix

The trick is to pay off the loan amount in the cooling off period. Normally 7-10 days. If you do that you will pay 0 interest. Loans2go isnt that bad as long as you stick to the agreement. Those that borrow and dont pay are just asking for trouble.....

Rajix

@DCFC79 I'm not to worried about a cycle to be honest. Some people just borrow more than their income allows which then forces them to try and wriggle out of their agreements.