Voluntary Surrenders & Assignments
In situations where a customer wants to purchase a motor vehicle but is unable to pay the full amount in cash a hire purchase agreement or motor loan is often an alternative. Sometimes however, the customer is unable to continue with payments due to job loss, illness or other reasons and can voluntary surrender the car helping to settle the debt.
Our field recovery agents are able to conduct visits on Hire Purchase (HP) or Motor Loan accounts that are over one third paid. FRADS negotiates the payment / arrangement or the voluntary surrender of the asset in accordance with client instructions.
Follow the link for more information on voluntary surrenders
