termination OF my loan Car

manouang

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Joined: Jun 2016

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#1

termination OF my loan Car

20th June 2016, 14:49:PM

I recently took a loan for my car. But I got a new job out of the country in France and I would to like cancel my loan as I will live in France for at least 5years.

I don't know what to do. Please, Would you advice me on any decisions that can be suitable.

thank you.

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R0b

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Joined: Sep 2015

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#2

20th June 2016, 15:40:PM

Re: termination OF my loan Car

You can't just 'cancel' your loan, you will need to repay it back, if that means selling your car for most of the proceeds and then paying back whatever you can when your in France that is what you might have to do.

You could try to contract the bank or whoever offered the loan to see whether they could offer assistance, but beware there may be terms relating to loans and moving out of the country. You might wish to check the terms before speaking to them in case there is something about moving out of the country.

If you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
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Please be aware that this is a public forum and is therefore accessible to anyone. The content I post on this forum is not intended to be legal advice nor does it establish any client-lawyer type relationship between you and me. Therefore any use of my content is at your own risk and I cannot be held responsible in any way. It is always recommended that you seek independent legal advice.
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