Voluntary Termination

[St4ggi3]

Hi all I need I bit of advice....i am trying to do a voluntary termination but the finance company are telling me I need to do a voluntary surrender as agreement had been terminated previously by them even though I called them and got a payment plan put in place...can they do this?

[R0b]

Re: Voluntary Termination

If the agreement has terminated previously, then you can't VT but at the same time, you can't really do a voluntary surrender either because that also implies that the agreement is still ongoing.

Did you receive notification that the agreement has terminated?
Did you also receive a default notice?

Who is the lender, Moneybarn or someone else?

[St4ggi3]

Re: Voluntary Termination

If the agreement has terminated previously, then you can't VT but at the same time, you can't really do a voluntary surrender either because that also implies that the agreement is still ongoing.

Did you receive notification that the agreement has terminated?
Did you also receive a default notice?

Who is the lender, Moneybarn or someone else?

I did receive a default notice and notification the agreement was being terminated bit contacted Moneyway and sorted a payment plan...currently have no arrears on agreement.