A Fin24 user who voluntarily surrendered her car and was recently ordered by the car dealer to pay up, seeks advice on what to do next.
She writes: "I voluntarily surrendered a vehicle which was less than six months in my possession. This was recommended by my debt counsellor since it was my second car on credit. My debt review process was finalised eight to ten months ago already and now the bank who financed the car contacted me about the shortfall of about R60 000 - after the car was sold and which they say I need to pay.
"My counsellor suggested that I need to make an offer on what I can afford to pay. I am obviously not it a position to afford this payment and I need advice on what options do I have in this situation.