📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Car Finance/Lease With Defaults?

2»

Comments

  • fwor
    fwor Posts: 6,871 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 10 December 2016 at 10:36PM
    Alan16ac wrote: »
    I couldn't take out loans

    So - clearly a No then? I'm just puzzled that you don't seem to read the words you wrote in the same way that I do.

    In case it helps, a DMP generally doesn't allow you to borrow more money, because your existing creditors have offered you special terms, on condition that you don't add any more creditors into your financial affairs.

    They don't really care if you save a bit more, or spend a bit more. What they don't want to happen is to have yet more creditors lining up if/when you fail to be able to pay the repayments again.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.5K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.5K Work, Benefits & Business
  • 599.8K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.