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T O P I C R E V I E W
steg90
Posted - 16 March 2011 : 09:01:03 Hi,
Got my date for BR at court 28th March, just worried about me taking finance out on my car 7 months ago and 6 months ago I got an macbook on have now pay 9 months later, is this going to cause serious problems? I'm so worried about this.
Thanks, Steve
3 L A T E S T R E P L I E S (Newest First)
Richard P
Posted - 17 March 2011 : 20:25:06 OK did not mean to worry you
Question "when you took out the car loan was it your intention to go BR or your circumstances such that you likely to go BR "
If the answer was No and you intended to pay back the debt on a monthly arrangement. No problem.
if life changes after you have signed the agreement, you have to be able to explain circumstances sect 11 of SOA
if the answer Yes, i think that it would be appropriate to have a private chat with one of the experts.
Richard
steg90
Posted - 16 March 2011 : 16:31:44 Hi,
What sort of problems would it cause - I'm really worried now :-(
Regards, Steve
Richard P
Posted - 16 March 2011 : 14:40:21 Hi Steve
it could / will cause problems if you new that you were insolvent at the time of taking out the loans.
If it is top range all singin dancing mac book the OR could request the item.
i think you have posted about car on another thread so will leave that answer
