Moneybarn

[Andy45]

Hi there i received a letter of moneybarn saying they have terminated my agreement and will be taking the car back because i missed a couple of payments cause i had financial difficulties but now my partner is working and she can contribute to the payments i offered to pay the full arrears but they wont accept it and told me its to late i havent paid 1 3rd of the agreement is there anythinh i can do
Thanks.

[R0b]

Re: Moneybarn

Hi Andy,

How many payments did you miss in total, did you inform Moneybarn that you were in financial difficulties?

Did you receive a default notice letter giving you time to repay?

[Andy45]

Re: Moneybarn

Hi rob i missed 2 payments and yes i told them i was in financial difficulties i received a default letter of them i then phoned them again told them i can pay my arrears of in full but they said its to late and ceatta will be coming to collect the car

[R0b]

Re: Moneybarn

Hi Andy,

Any chance you could post up the letter from Moneybarn and the Default Notice for us to view? Obviously remove any personal information. You could email kati@legalbeagles.info, I'll tag her so she is aware @Kati

If you have missed payments and they have temrinated the agreement lawfully and correctly and you haven't paid 1/3 off, then there may not be much more you can do other than to offer a repayment plan, with a reasonable amount of what you can afford. If they reject it and insist on going to court then we could look at the situation then but the starting point I guess would be to await for someone to collect the car and go from there.