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Hi all
Im after some advice around 2016 I took a car on finance with the car finance company anyways to cut a long story short I received some great advice on this forum about doing a vt even though I hadn’t hit the half way point. It was accepted and they took the car back no problems I then received no communication from them on how to pay the reminder of the balance. Only communication I got was that they were apologetic for failures to follow some sort of policy which had been highlighted and that was it. Next thing a company called blue arrow had apparently purchased this remaining balance from the administrators of the now defunct car finance company. Blue arrow have had no communication with myself and have gone on my credit file and registered a default when I’m led to believe that wether the balance was outstanding or not it had to be shown as settled on my credit file. Need advice as to wether to challenge the default or leave it ?
Im after some advice around 2016 I took a car on finance with the car finance company anyways to cut a long story short I received some great advice on this forum about doing a vt even though I hadn’t hit the half way point. It was accepted and they took the car back no problems I then received no communication from them on how to pay the reminder of the balance. Only communication I got was that they were apologetic for failures to follow some sort of policy which had been highlighted and that was it. Next thing a company called blue arrow had apparently purchased this remaining balance from the administrators of the now defunct car finance company. Blue arrow have had no communication with myself and have gone on my credit file and registered a default when I’m led to believe that wether the balance was outstanding or not it had to be shown as settled on my credit file. Need advice as to wether to challenge the default or leave it ?
