Can You Write Off a Secured Loan?

Struggling with Debt?

Can You Write Off a Secured Loan?

Get Help Today

Fill in our questionnaire below and we will contact you.

@import url(‘’);
body #wpforms-8027 {

body #wpforms-8027 .wpforms-head-container .wpforms-title {
font-weight: bold;text-align:center ;font-size:30px; }

body #wpforms-8027 .wpforms-head-container .wpforms-description {
text-align:center ;margin:0px 0px -20px 0px ; display:block;

body #wpforms-8027 .wpforms-submit-container .wpforms-submit, body #wpforms-8027 .wpforms-field-pagebreak button.wpforms-page-button {
text-align:center ; border-width: 0px; }
body #wpforms-8027 .wpforms-submit-container .wpforms-submit:hover, body #wpforms-8027 .wpforms-field-pagebreak button.wpforms-page-button:hover {
body #wpforms-8027 .wpforms-submit-container,body #wpforms-8027 .wpforms-field-pagebreak .wpforms-pagebreak-left{
text-align:center; }

body #wpforms-8027 .wpforms-form .wpforms-field-radio li label,
body #wpforms-8027 .wpforms-form .wpforms-field-payment-multiple li label {
font-weight: bold;line-height:3 ;font-size:20px; }

body #wpforms-8027 .wpforms-form .wpforms-field label.wpforms-field-label {
font-weight: bold;padding:0px 0px 0px 0px ; }

/* Styling for Tablets */
@media only screen and (max-width: 800px) and (min-width:481px) {


@media only screen and (max-width: 480px){

/*Option to add custom CSS */

Please enable JavaScript in your browser to complete this form.

We often get asked whether Secured Debt can be written off. The answer to this is NO. Or at least it is highly unlikely.

It is worth remembering, that the whole purpose of securing a debt against property or another asset is that it allows the asset to be repossessed and sold should you fail to repay the debt.


Lenders will often provide lower interest rates and allow you to borrow higher amounts of money all because they consider the risk to be lower than an unsecured loan. The risk is lower, because if worse comes to worst, they can repossess you asset and sell it.


Sadly, there is no Secured Loan IVA, but to find out more, take a look at our Secured Loan Debt page.

Recent Posts

Credit to source at Can You Write Off a Secured Loan?