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Close Brothers- finance issues

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  • Close Brothers- finance issues

    Hello! This is my first post and I am desperate for a bit of advice/help.

    I currently have a car on finance with close brothers, I am self employed and due to some unforeseen circumstances within family and work life, I am no longer able to make the monthly repayments and regularly miss the payment date.

    Here’s where the issues start. I’ve had a look online at my different options and they seem limited. I have only had the car for 14 months out of the 5 years, which means I haven’t paid off close to the 50% needed to “give the car back.”

    The car is in great condition, I’m just a little unsure where to go or what my options are and because I haven’t made the 50% repayments I’m a bit clueless.

    I would really appreciate some advice if anyone could help.

    Thank you.
    Tags: None

  • #2
    HI
    Welcome to LB. Apologies for the delayed response
    Sorry to read you are experiencing difficulty making finance payments for your car
    You should contact Close Brothers on their support line and explain the problems and financial difficulties you are currently facing. If you don't your credit rating may be affected and you could have problems borrowing money in the future.
    It's possible CB will allow reduced payments for a temporary period

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