I used to be selfemployed and have a renault van on lease from GE money.
As I now have no use for my van i've been trying to sell it for the past few months but with no success. I've stopped my monthly payments and of course GE are going to repossess. I have been trying to reorganise my payments but GE dont want to here about it.
A lot of CU are registered with the Irish Credit Bureau and so may do a credit check. Obviously since you stopped paying for the van this will have an adverse effect on your credit rating and so may be refused a loan.
How many repayments have you made and what is the term of the lease?