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Hi all apologies if this is the wrong forum but here goes.
In November 2002 I took out what I thought was a HP agreement to purchase a car. A few months later I got into financial difficulties and voluntary surrendered the car (I know I should have vt) the car was sold for what I felt was a lot less than it was worth and I entree a dmp to pay the substantial arrears which black horse have passed onto moorcroft to pursue.
As this all happened a few years ago I asked for a cca request and when the agreement has come through it states it is a cca regulated personal loan and not HP although there is a clause in the t &c that states if a vehicle is purchased with the cash loan and it is disposed of then the the loan has to be repaid.
Obviously my question is where do I stand with this ? I have just done a SAR to see what documentation they have regarding the vehicle collection but I do have a statement that clearly shows the sale proceeds of the car by them
In November 2002 I took out what I thought was a HP agreement to purchase a car. A few months later I got into financial difficulties and voluntary surrendered the car (I know I should have vt) the car was sold for what I felt was a lot less than it was worth and I entree a dmp to pay the substantial arrears which black horse have passed onto moorcroft to pursue.
As this all happened a few years ago I asked for a cca request and when the agreement has come through it states it is a cca regulated personal loan and not HP although there is a clause in the t &c that states if a vehicle is purchased with the cash loan and it is disposed of then the the loan has to be repaid.
Obviously my question is where do I stand with this ? I have just done a SAR to see what documentation they have regarding the vehicle collection but I do have a statement that clearly shows the sale proceeds of the car by them
