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Joshua
Joshua, Lawyer
Category: Law
Satisfied Customers: 25657
Experience:  LL.B (Hons), Higher Prof. Dip. Law & Practice
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I entered into an agreement for a car loan with bad credit,

Customer Question

I entered into an agreement for a car loan with bad credit, 2 yrs on i have been faithful on my payment, but now i can no longer afford it and the car need a new engine, the car was worth 6,900 when i bought it, i have paid 5,900 and even though the car is dead they still want me to pay the balance, balance stands at 10,100 pounds. i asked for a settlement figure, they say its 7000. I do nto know what to do.
Submitted: 4 years ago.
Category: Law
Expert:  Joshua replied 4 years ago.

Josh-2010 :

Thanks for your question. Please kindly RATE my answer when you are satisfied

Josh-2010 :

From what you say the car was bought on finance as distinct from your obtaining a loan from a company which paid money into your bank and then you went and bought a car from a dealer please?

Josh-2010 :

How old is the car?