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Old Jan 17, 2011 | 09:19 PM
  #12  
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MadMac
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From: Croydon
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Credit reports are a fickle thing, as far as the credit report is concerned it is a personal loan. Because, well its a loan to you.

However you have your standard unsecured personal loan. Which most banks will give your. Or Hire Purchase, where the loan is secured against the asset you have bought.

So as said above, you don't own your car until you have paid back the loan. It it still the property of the finance company.
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