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Need DO's and DON'T'S advice re: Voluntarily Handing back HP car to Blackhorse
Hi,
I purchased a car through black horse in 2009, however, i ran into some money troubles and had difficulty meeting my monthly payments. I was sent a letter asking me to attend court to recover the car or i could hand it back voluntarily to prevent incurring court costs. It would go to auction to be sold and i would then be liable for any outstanding monies owed. I have paid more than 50% of the value and wondered where i stand with it all now if i'm handing the car back. Will i still have to pay the monthly instalments if i no longer own the car?
Thank you in advance
I purchased a car through black horse in 2009, however, i ran into some money troubles and had difficulty meeting my monthly payments. I was sent a letter asking me to attend court to recover the car or i could hand it back voluntarily to prevent incurring court costs. It would go to auction to be sold and i would then be liable for any outstanding monies owed. I have paid more than 50% of the value and wondered where i stand with it all now if i'm handing the car back. Will i still have to pay the monthly instalments if i no longer own the car?
Thank you in advance
