Home Business & FinanceBusinessBusiness Banking Subscribe to RSS

What Happens If I Got Car Finance Then Two Weeks After The Company Went Bust.? Who Do I Pay To?

I got a car on finance and the company went bankrupt a couple of weeks and they never took money out my account. What should i do??

Answer Question

2 Answers - Sort by: Date | Rating

    It is your moral responsibility to pay the money to the company. You can meet any of the related people and pay back the company's money. It would be the best thing to do.
    0 0

    Aicha 

    answered 2 years ago

      Continue to make your payments, if the company went bankrupt, its likely their assets are in probate. Someone may be in the process of buying the old companies outstanding debt also. This could take years. If at the very least, write a certified letter to the company asking where you make your payments. This way if they don't respond, you have proof you tried to contact them. Open a savings account and make your monthly payments into that because your not that lucky. No-one is going to give you that car for free. They'll be looking for the money and it will be a lot easier for to just pull it out of the account you've been making the payments to than to have to cough up months of payments when you've spent the money.
      0 0

      Septic 

      answered 2 years ago

        More

         
         

        Ask a Question via Twitter

        Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

        Blurtit Store

        Get T-shirts, hoodies, caps and more at the Blurtit store

        Blurtit International