All Forums  New Questions  Forum Questions  Does BR cover shortfall in car finance?.

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Mike62[/i] [br] Hello all, Our car was taken back by the finance company a couple of weeks ago, we hadn't missed any payments but broke the "Small print" conditions as we became BR. The OR had no interest in it as no equity etc, but I'm wondering now will we still be liable for the probable shortfall on it after it's auctioned off?. We had shown the loan agreement on our SOA and as we heard no more from the trustee thought we'd be ok to keep it. So,as we did have it on our paperwork as a debt at time of BR will this stop the finance company coming after us for the difference or have we got this pleasure to look forward to?. Regards, Mike. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.