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 Hello, can someone tell me if you have a car on HP

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T O P I C    R E V I E W
Debbie.p Posted - 04 May 2011 : 22:39:20
Hello, can someone tell me if you have a car on HP and your nearly finished can you keep the car and finish your re- payments if you need it to work..?
3   L A T E S T    R E P L I E S    (Newest First)
Debbie.p Posted - 06 May 2011 : 11:49:39
thanks for the reply, that was really helpful.....
quote:
Originally posted by loobylou

Hi Debbie,

Just wanted to tell you our experience. Our car HP was less than a year old when we went BR. We were initally told by HP company that they would re-possess but then they seemed to have a change of heart and told us that as long as we maintained payments, no further action would be taken.
The OR did not allow our repayments in our I&E and so we have to absorb the monthly repayments other ways.
Hope this helps.

Looby-lou.



loobylou Posted - 05 May 2011 : 20:27:26
Hi Debbie,

Just wanted to tell you our experience. Our car HP was less than a year old when we went BR. We were initally told by HP company that they would re-possess but then they seemed to have a change of heart and told us that as long as we maintained payments, no further action would be taken.
The OR did not allow our repayments in our I&E and so we have to absorb the monthly repayments other ways.
Hope this helps.

Looby-lou.
Viki.W Posted - 05 May 2011 : 08:13:49
Hi Debbie,

It really depends on whether the HP company will keep you as a customer or terminate and repossess the car, which you may find is written into your T&Cs. Also whether the OR thinks that the payments are reasonable and justified. Also depends on value of car etc.

I suggest you talk to the HP company and perhaps give an expert a call on here too.






Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/

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