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Selling a Car During Debt Review

Questions & AnswersCategory: Debt ReviewSelling a Car During Debt Review
Thalente asked 2 years ago

Is it possible to sell your car while under debt review?

1 Answers
Matthys Potgieter Staff answered 2 years ago

Hi there,

Thank you for the question. If the car is redundant and you don’t really need it, it would be a good idea to sell it. Make sure that the proceeds of the sale would at least be enough to settle your car finance account.

Remember to inform your debt counsellor as to make sure your budget and repayment plan stays on track.

Kind regards.