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Car repossessed
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The only time their car is essentially safe is when it can be proved that you are not the legitimate owner. If it is on car finance that has more outstanding than the car is worth (negative equity) at which point the finance company may repossess as you won’t have the ability to pay it.Your company have unfortunately learnt a lesson they weren’t expecting I’m sure, however, most likely for the better. Good news you’ve found a temporary solution.If you believe you can, you will. If you believe you can't, you won't.
Secured/Unsecured loans x 1
Credit Cards x 8 (total limit £55,050)
Creation FS Retail Account x 1
Creation Credit Sale 0% x 1 = £112.50pm x 20 mths
0% Overdraft x 1 (£0 / £250)
Mortgage Outstanding - £137,707.00 (Payment 13/360)
Total Debt = £7,400 (0%APR) @ £100pm - Stoozing1 -
Who does the car belong to?0
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