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Hi Lawyers and soon to be ones,
My car just recently repossessed by the bank with an outstanding arrears that i'm having a hard time to settle. I also currently have a mortgage with them with an OK standing (meaning still manages to pay the monthly repayments) I would like to know whats the worst thing they can do to get their money back from me and will it affect my mortgage with them? can they repossess my other belongings as well? will i go to jail if i cant pay it on time? will me credit rating with other financial institutions be affected? Kindly enlighten me more of what i can do about my current situation. Thanks and more power!
Regards,
Kylee
My car just recently repossessed by the bank with an outstanding arrears that i'm having a hard time to settle. I also currently have a mortgage with them with an OK standing (meaning still manages to pay the monthly repayments) I would like to know whats the worst thing they can do to get their money back from me and will it affect my mortgage with them? can they repossess my other belongings as well? will i go to jail if i cant pay it on time? will me credit rating with other financial institutions be affected? Kindly enlighten me more of what i can do about my current situation. Thanks and more power!
Regards,
Kylee
