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Car Financing Whilst in a Debt Management Plan

Home Forums Car finance Car Financing Whilst in a Debt Management Plan

This topic contains 0 replies, has 1 voice, and was last updated by Avatar Jordan Henry 1 month, 1 week ago.

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    Jordan Henry

    Hi all,

    I have decided to post onto a forum to see if anyone can come up some suggestions and advice.

    I have had my car now for 1 and a half yrs, it is on Hire Purchase on a 5 yr agreement. I have been to a couple of dealerships and they have all said they would be more then happy to settle the amount left to finance as I am in negative equity.

    Now the issue is I have been on a Debt Management Plan for just over a year to consolidate debt from the past.

    Nowhere so far will entertain the idea of part exchanging my car whilst taking out a new agreement.

    The obvious thing to do would be to keep the car, but there are a number of reasons for wanting to change, the main being back issues. So I wanted to explore other options despite them being limited.

    Any suggestions and advice would be most appreciated,

    Thank you,


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