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 HP agreements, will I have to give back the item?

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T O P I C    R E V I E W
raniston1984 Posted - 03 March 2009 : 10:29:51
when I bought my laptop I did one of these buy now pay in 2009 deals, and the payment is due in april.
the laptop cost £930, would the company that lent me the money be considered a creditor like the loan company? and would I have to give back the laptop if I dont pay it?

I use my laptop for university, and there is no way I can give it back as it is vital for my course... if I paid off the money owed using one of my credit cards that has limit left would this look really bad?

many thanks,

Shona
1   L A T E S T    R E P L I E S    (Newest First)
Melanie.n Posted - 03 March 2009 : 10:58:51
No these are basically store loan purchases and not classed in the same way as car HP - so you get to keep them!

Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles

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