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Sue L.
Sue L.
Hocking, WA
2 Likes
0 Followers

My son has a car loan through a finance company that he has fallen behind in repaying and due to sporadic employment doesn't look like he will be able to repay. What are his options?

4 years ago

Responses

First port of call would be the lender as most will have a provision for hardship. Ask what the "payout figure" is as it may be worthwhile considering what the car is worth v what he owes in order to consider a sale and downsize.

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