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Creation Car Finance Query

Stu_1978 · 2015-01-26 17:15:46

Hi I'm currently paying £227 a month on my credit agreement with Creation. I'm in quite alot of other debt (see my other post) and I'm wondering what happens if I get to the point where I can't afford to pay for the car as I still have 5 yrs left on the agreement. I've been told the car is mine, so they can't touch it, is…

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Stu_1978 Posts: 14 Forumite

2 February 2015 at 5:37PM

Spoke to Creation today and they confirmed its an unsecured loan not HP (phew!). This is good news as it will be included in my IVA, if I get accepted and I now have the option of selling it.

Stu

£29,900 total debt 5 year IVA then debt free
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Creation Car Finance Query

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