hi there, around 9 months ago i took out a loan for £6000, i'm repaying this @ £158.57 a month over 4 years,i recently got laid off from my job, the loan payment was meant to go out today but yesterday i cancelled the direct debit for it (after i rang the loan company telling them the situation, they advised me to cancle direct debit and let them know when i want to pay the payment before the next months payment), i've got around £40 in the bank, i started a new job today but won't get paid for 2 weeks (work a week in hand) and thats just over minimum wage.
i used the loan to purchase a car, i was wondering would the loan company accept my car to pay off the remaining debt? (its around £5200), the car is worth around £4800.
Or have any of you got any ideas? it's really stressing me out so much so that i can't sleep.
2006-11-20
12:55:39
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10 answers
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asked by
gjd3k
1
in
Personal Finance