i can not pay my car finance what do i do
i have car finance i can not afford it what happens if i stop paying it ,can i just return the car
I'm thinking that speaking to the car finance people is a good first step. Let them know you're having trouble meeting the repayments, see if they you can work something out together.
Don't do anything impulsive like borrow money off loan sharks at crazily high rates or anything.
You probably should just return the car, it will negatively affect your credit but so what. Cars are too expensive anyway and every tank of gas your buy goes into the hands of evil corporations that pollute the air and water. Get a bike.
Depends on where you are, but in the UK you can't just hand the car back as you have a hire purchase agreement over an x number of months. In essence its yoru own problem.
What you can do is speak with the finance people who will look at your income/expenditure and MAY reduce your payment by spreading out over a longer repayment period. The only problem with this is that your agreement will start from scratch again and you will paying back a lot more. If you can really stretch and pay for it then try and pay it for as long as you can. Do, let the company know though as if there are any legal issues, you will be able to say that you contacted the company x number of times.
Most hire purchase companies don't actually care, I used to work for one and left in disgust because I didn't agree with how they operated.
Really wish you all the best.
Oh if you're in the UK, you can always contact the Citizen's advice beaureau!
by shareware4 years ago
usually, we face this dilemma. In the repationship, boyfriend doesn't work , so his girlfriend shoud pay all the time they go out and eat somewhere. Or, boyfriend earns enough money , so his girlfriend completely...
by rhamson4 years ago
With the implementation of the Affordable Healthcare Act what are your reasons for not getting the government mandated insurance?
by Davinagirl36 years ago
My husband and I are looking to buy a house in the upcoming year. We have run into some trouble looking for a lender because our credit is, for lack of a better term, crap! I am looking for ideas on how to...
by Jesusjohn782 years ago
Everyone hates the "rich" and I do not understand why. I was always under the impression the American dream was to become successful and stay successful? SO why are we always trying to punish the...
by moonlake21 months ago
We were in line at the grocery store and the lady in front of us in one of the motorized carts, had maybe $40. worth of groceries. Her card wouldn't go though and she said she thought it had money in it, maybe it...
by Shyron E Shenko17 months ago
Trump said at the first debate that it is good business not to pay taxes, do you agree with him?At the same time he is talking about the Military shrinking. Maybe he doesn’t know that taxes pay for the Military. ...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.