I Have A Car Loan Through HSBC How Can I Get Out Of the Loan what are my rights as a consumer ?
chris b asked:
The payments to high and the interest is killing me i pay like 500 in on the car all that really gets paid on the car is like 120 the rest is interest i still owe like 16000 on the car no one will refinance i just need help when im like one day late with a payment theyll call you like 10 times a day hsbc sucks dont ever get a loan through them theirs always these late charges even when ur not late thats when the calls start like 10 times a day even on sunday i just want to know if theirs a legal way to get out of the contract by the way the car doesnt even work anymore it stalls like crazy
Caffeinated Content for WordPress
The payments to high and the interest is killing me i pay like 500 in on the car all that really gets paid on the car is like 120 the rest is interest i still owe like 16000 on the car no one will refinance i just need help when im like one day late with a payment theyll call you like 10 times a day hsbc sucks dont ever get a loan through them theirs always these late charges even when ur not late thats when the calls start like 10 times a day even on sunday i just want to know if theirs a legal way to get out of the contract by the way the car doesnt even work anymore it stalls like crazy
Caffeinated Content for WordPress
March 1st, 2009 at 12:46 pm
Caffeinated Content for WordPress
You can get out of the loan by paying it off in full. If you can’t afford $500/month, why did you buy the car in the first place?
If you can’t pay it off, call HSBC and ask them for an alternate payment plan.
March 2nd, 2009 at 2:08 pm
Caffeinated Content for WordPress
If you can pay off the loan do so… I’m guessing you can’t so I’ll continue… if the the loan is secured on the car, then basically ya screwed. If you stop paying they will reposes the car and auction it for grossly under wot it is worth. then they will pursue you for the rest. thing is, once the car is gone they can whistle for the rest as they hav nothing to threatin you with but a default, ccj or charge order. ask yourself “is the car worth it?” or are ya gonna let them take it? I wouldn’t recommend selling it either as you will never get the settlement figure for the value of the car… Damn I hate those car finance firms! Keep in touch mate if ya nee more info! I’m only happy to help!
March 2nd, 2009 at 3:02 pm
Caffeinated Content for WordPress
I will pay HSBC your entire debt and I will sell your car to somebody else.