RESTRUCTURE UNPAID VEHICLE LOAN

When you buy your vehicle with a loan from an in-house financing company, you are taking a secured loan. However as soon as you are unable to finance it and due to that your vehicle gets repossessed the remaining balance then becomes an unsecured debt.

Debt recovery in these cases will start usually with a letter of demand asking you to pay the full remaining balance to avoid further legal action. If you fail to make the payments and choose to ignore the corresponding letters as well it have even lead to a bankruptcy notice.

Book a FREE 1 on 1 Consultation and let us help you to under how you can set aside your letter of demand and restructure your unpaid vehicle loan balance into manageable monthly repayments.