question
Q: When I turned 18 I was ignorant and went and got a credit card straight away. I neglected to make any repayments and as such have a poor credit rating now. 5 years later and I just recently bought a new car and the finance is 19% p.a.
The cars market value is about $20,000 but the loan is $29,000 roughly. I can get a novated lease to the market value of the car but need to get rid of the gap. Is there any way to do this? Haven't missed any payments on my finance for the past 2 years.
