Cape Town - If you are under financial strain and battling to finance your vehicle repayments then you should consider debt counselling, suggests Debt Rescue CEO Neil Roets.
“If people struggle to pay back any of their debt whether it is vehicle finance or home loan or even unsecured debt, then it is advisable to contact a debt counsellor as soon as possible,” he said in a studio interview with News24 Live.
Commenting on car loans in particular, Roets said if you starting to default on payments then your credit providers will definitely start taking action against you because a vehicle generally depreciates in value.