My name is Brahim and I am from London. I live with my wife and my two beautiful kids (Hanaa and Naseem).
Two years ago I started a self employed job as a Taxi driver in which I had to buy a car through a 5 years Interest Free financial plan.
Unfortunately, the job did not go well and I had to quit after less than 2 years. I managed to get another job in a company, however, I still own the car that I use for work and family purpose despite the monthly financial instalment which I am hardly struggling to pay back as London is very expensive city and all my salary goes for the rent (£1600pm) and bills (approx. £300pm).
I tryed to sell the car to pay off the debt but if I do so I would not be able to buy another car (even cheap) to use for my personal and family purpose as I have no savings in a side I can count on.
Moreover, the car value is less than the amount I should pay back.
Every help will be really appreciated.