Hi all. I went BR on the 9th March. I have a car through Black Horse finance which obviously was included in my BR. Ive not paid the monthly payments on the car since January 09 but as yet I have not heard anything from Black Horse. What I want to know is; Will they write to me before coming to collect the car or can they just turn up and tow it away? Any help would be appreciated thanks.
hi i had a car that i had not paid for 7 months and they still had not picked it up.they only came when i phoned them to say car was on drive uninsured and a trailer turned up after 4 hrs.that was 3 weeks ago and not heard nothing since.that was with lombard
Hi it is important at this point to understand if it is a "Loan" or a "HP" agreement as they are treated quite differently. Blackhorse do both and so you need to read the agreement
it is HP, the car was purchaed for 7,500 - 16 months ago the car is worth (according to the parkers web site) between 3 and 4,000 depending where you buy it ie privately or through somewhere like the car people. So the original HP agreement was for approx 11,000
In that case the OR would not adopt the agreement (ie the OR would not take it) and so it is between you and the HP company. Some companies alloe payments to continue. some have a no bankruptcy policy
On the outgoings part of the SOA are these my current outgoings before BR which is all my payments to mail order, credit cards, loans etc plus housekeping food etc or do I put down my outgoings minus the debt payments. I am really confused with this. If my husband is not declaring bankruptcy do I put down the full amount of the rent or half of it same with the utility bills
We have our car which we need for work on HP, the OR agreed for us to keep the car and had no interest. The finance company were ok with this we just called them to tell them OR has no interest and they agreed for us to keep the agreement.We just pay as normal, we were allowed this payment within our allowances.
Hi all. I went BR on the 9th March.
Posted - 27 June 2009 : 11:02:09
