Tweet
hi all,
not been on here for a while, thanks everyone for their help in the past!
anyway, my latest issue is with black horse finance.
my wife got a vehicle from them in 2007, around 80% (i'll get exact figures) of the loan has been paid and we have not been able to afford to pay anything over the last year or so. we came to an agreement with them and could not pay it as i lost my job. I am now employed again and have tried to come to an arrangement with them but they say they must have the full balance or they will retrieve the vehicle.
I had not heard from them for around 8 weeks and yesterday we recieved a letter saying:
'the above mentioned vehicle is subject to an undischarged hire purchase agreement with black horse finance.'
it then goes on to say i have 14 days to pay £4k or return the goods.
it then says:
'if we do not hear from you within 14 days we will commence proceedings against you for wrongful retention for our property'.
my questions are as follows:
does this letter mean they already have a court order? or does it mean if they don't hear from me within 14 days their 'proceedings' will mean they will get a court order?
do i have any way of agreeing a repayment proposal with the court?
can they just come and take the vehicle?
what are my rights here (if any)?
basically, we want to keep the car, and we want to start payments again, but we cant, we've been told £4k or hand the car back.
thanks all!
not been on here for a while, thanks everyone for their help in the past!
anyway, my latest issue is with black horse finance.
my wife got a vehicle from them in 2007, around 80% (i'll get exact figures) of the loan has been paid and we have not been able to afford to pay anything over the last year or so. we came to an agreement with them and could not pay it as i lost my job. I am now employed again and have tried to come to an arrangement with them but they say they must have the full balance or they will retrieve the vehicle.
I had not heard from them for around 8 weeks and yesterday we recieved a letter saying:
'the above mentioned vehicle is subject to an undischarged hire purchase agreement with black horse finance.'
it then goes on to say i have 14 days to pay £4k or return the goods.
it then says:
'if we do not hear from you within 14 days we will commence proceedings against you for wrongful retention for our property'.
my questions are as follows:
does this letter mean they already have a court order? or does it mean if they don't hear from me within 14 days their 'proceedings' will mean they will get a court order?
do i have any way of agreeing a repayment proposal with the court?
can they just come and take the vehicle?
what are my rights here (if any)?
basically, we want to keep the car, and we want to start payments again, but we cant, we've been told £4k or hand the car back.
thanks all!
Comment