Volantry termination. Tax insurance and finance payments

[Gareth182002]

Before they were due

[Gareth182002]

Hi please see attached letter from bmf when I deferred the 3 payments

[Gareth182002]

Hi rob please see above

[Gareth182002]

Hi rob could you advise as weather this is arrears or not I dont feel it is

[R0b]

I don't think they are due but the letter is not really that clear. It says that the deferral of payments is not a referral but the fact they're not due on their original payment date to me and in fact can be paid by July, August and September 2023, is a variation in itself. They also state that they won't be reporting late payments on your credit file and that the reference to deferral would further imply a variation to the agreement. On top of that, I'm fairly sure that the FCA guidance around that time said that payment holidays would not be considered as being in arrears.

Not sure how you can say that the terms have not been varied but it would be one for them to argue and take you to court. This is my view of things and it's possible I could be wrong but I haven't really looked into the details and legalities of payment holidays since it's not something that crops up very often.

It may be worth you writing back to them and mentioning these points then inviting them to explain how these payments are considered arrears.

[Gareth182002]

I have tried to find info on the fca website but have been unable to find any solid info I will write them another letter and see what they say cheers for the reply

[Gareth182002]

Hi rob they are refusing to close the account what is my next step