Car leasing

delanie

Hi, I need alittle advice as I’m unsure what to do. I took a car lease out back in Sept 2018 and in April 2020 I was made redundant. Early May I asked for a payment holiday hoping I would be back in work however I am not. I ask about voluntary termination but they said they don’t do that and I have followed all expectations. As I dont have enough income the only option available to me as they have stated is to write of the debt however this would Impact my credit file. I can’t allow for this to happen as this will impact me remortgaging and potentially losing my home....
Do I have any other options? 

[Deleted User]

If you can't afford the payments, then defaulting on the agreement is your only option.  

You can remain with your current mortgage provider, so won't lose your home unless you can no longer make the mortgage payments either.  However, that should be your priority.

Grumpy_chap

OP say "car lease".  Is this a business lease or personal (PCP-style)?