Car on Finance

R9251

As usual, just another unhelpful forum, full of judgmental keyboard warriors.

For the few that we're sincere in your support of trying to answer my question...thank you very much.

vivki

Hey we’re not all judgemental. Why someone would put such a ridiculous reply to you is beyond me! We don’t all get credit generally knowing that we’re likely to go bankrupt, as there all manner of reasons these situations arise! Change in circumstances, loss of income, mental health problems, family bereavement. I have seen a couple of post recently which I didn’t think were appropriate for what is intended as a support forum for people considering or undergoing bankruptcy or similar, but people are mostly lovely!

luvchocolate

R9251 wrote: »

As usual, just another unhelpful forum, full of judgmental keyboard warriors.

For the few that we're sincere in your support of trying to answer my question...thank you very much.

I am so sorry for some of the replies, we try very hard to keep this forum non judgemental.

Unfortunately some unhelpful posts spoil this forum.

Please keep posting as this is the most knowledgeable forum I have come across
Good luck

JCS1

If the finance is HP, and given the recent purchase I'm assuming there will be no equity?


In that case, the OR will send a letter of non-adopt (of the contract) to the HP company and then it is down to the HP company to decide what to do.

MEM62

PersianCatLady wrote: »

Actually I think it is important for people to be more mindful of their circumstances when applying for credit.
Stating the obvious.

The OP took out finance on this car when he knew there was a possibility of bankruptcy and now expects to be able to keep the car.
How do you know what the OP believed his circumstances to be when he took the finance? You have absolutely no way of knowing what the OP knew or didn't at the time. And I do not detect any expectation from the OP in respect of keeping the car. They are asking the question, which is what this forum is for.

I don't think he seems to realise just how serious bankruptcy actually is.
In his current situation I am sure that he does.

Do you have anything useful to offer the OP?

Mnd

I do think the phrase "judgemental keyboard warriors" a bit harsh, most posts seemed to offer support or advice. Just 1 post I saw as judgemental

Smellyonion

There's support for widows or partners of sevice people, have you checked your eligibility?

PersianCatLady

R9251 wrote: »

As usual, just another unhelpful forum, full of judgmental keyboard warriors.

For the few that we're sincere in your support of trying to answer my question...thank you very much.

There, there those naughty big bad finance companies how mean of them to want their car back just because you can't pay for it
.
Is that any better?

People like me might get on your nerves but people like you grate on mine.

CarolK

From CAB website:-



Any cars or other vehicles you own will usually be sold unless they're protected from the trustee or exempt. Examples of when a vehicle would be exempt are if it is essential for work or caring for a dependant. It would also be exempt if you need the vehicle for your basic needs, for example, if you have a disability and need a car to avoid being housebound and entirely dependent on others.


If an exempt vehicle is so valuable that selling it would raise enough money to pay for a cheaper, suitable vehicle for you, and there would be money left over to give to creditors, the bankruptcy trustee may arrange for this to happen.

luvchocolate

PersianCatLady wrote: »

Nothing I have posted is derogatory at all.

I appreciate that you minght be a bit touchy at the moment but sometimes the truth hurts.

Please if you have nothing helpful to offer to the O.P.....best to read and move on....just move on.