B
bobbyb
Guest
Hi guys/girls.
This is my 1st post on the site (I have searched for similar threads).
Basically my sister is in a situation where the bank are trying to repossess a commercial vehicle after her business went into liquidation. Even though she signed a personal guarentee they are not offering her the opportunity to personally pay them. The car is a 07 worth about 4-5k in a repo auction, 12k due on the loan. She is now working and has an income but they are using her previous 4 or 5 months credit as a means of refusing opportunity to actually pay the bank.
As anyone any advice or experience in how to resolve this situation? Ombudsman is involved and has offered advice, summary of which is get a final letter from bank stating their position. They are refusing to issue letter and have ordered repo man to collect car.
This is my 1st post on the site (I have searched for similar threads).
Basically my sister is in a situation where the bank are trying to repossess a commercial vehicle after her business went into liquidation. Even though she signed a personal guarentee they are not offering her the opportunity to personally pay them. The car is a 07 worth about 4-5k in a repo auction, 12k due on the loan. She is now working and has an income but they are using her previous 4 or 5 months credit as a means of refusing opportunity to actually pay the bank.
As anyone any advice or experience in how to resolve this situation? Ombudsman is involved and has offered advice, summary of which is get a final letter from bank stating their position. They are refusing to issue letter and have ordered repo man to collect car.