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Driveplan is an affordable car rental pool for people who have lost possession of their cars. Once you are under debt review, you are not allowed to finance another vehicle. In the event that you lose your vehicle due to an accident or theft, your insurance will only settle your account with the bank, still leaving you without transport.
DrivePlan will rent a car or motorcycle to you at an amount equal to your current installment. This installment will then be allocated to DebtPlan for payment of the rental vehicle. If the monthly rental is more than your current instalment, your debt counselor will have to re-schedule your debt with all your creditors.
Debtplan will pay the debt counsellor for doing this. A huge advantage of a rental vehicle is that your instalment includes insurance. Ask your debt counselor for a rental rate card.
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