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Hello,
New to the forum and seeking advice on whether the Consumer Credit Act S100(1) [50% liability] still applies if the finance company terminates a Hire Purchase/PCP agreement due to defaults please? I ask as S100(1) refers back to S99 which provides for the debtor terminating the agreement at any time. In this instance it is the finance provider (Mercedes-Benz Finance) that has terminated the agreement. The vehicle has already been voluntarily surrendered after Mercedes terminated the agreement - it's a shame I didn't find this forum sooner!
I am trying to help my neighbour who is being pursued through the County Court so any assistance would be very gratefully received.
Many thanks
New to the forum and seeking advice on whether the Consumer Credit Act S100(1) [50% liability] still applies if the finance company terminates a Hire Purchase/PCP agreement due to defaults please? I ask as S100(1) refers back to S99 which provides for the debtor terminating the agreement at any time. In this instance it is the finance provider (Mercedes-Benz Finance) that has terminated the agreement. The vehicle has already been voluntarily surrendered after Mercedes terminated the agreement - it's a shame I didn't find this forum sooner!
I am trying to help my neighbour who is being pursued through the County Court so any assistance would be very gratefully received.
Many thanks
