OFcorsa
Member
Registered: 6th Jan 03
Location: Cheltenham, Gloucestershire
User status: Offline
|
Not if the solicitor works on no win noe fee basis!
|
Plymouth_Corsa
Member
Registered: 23rd Sep 02
Location: Plymouth Drives: Carzone Corsa
User status: Offline
|
yeh thats true, wise words wise man. 
|
ainsley_brader
Member
Registered: 24th Mar 02
Location: Tattershall, Lincolnshire
User status: Offline
|
If your blacklisted already just stop paying they will collect the car and that will be the end of that theres always a way out.
Simple fact is you knew what you were earning you knew what the payments were you took the decision not their fult is it.
|
RickV6
Member
Registered: 28th Jan 03
Location: Midlands
User status: Offline
|
Is it finance or a personal loan? with finance there a thing called halves and thirds. i cant remember exactly cos its a few years since i've dealt with finance but after so many payments they cant take the car back without going to court and on the other amount you can just hand the car back to finance arsewipes and terminate agreement you walk away owing nothing and doesnt affect credit rating. cant remember which war round tho. you may want to look into this further the guy at the dealer will know all about it
Hope this helps
|
viera
Member
Registered: 26th Oct 02
Location: 2nd Star to the right & straight on till morn
User status: Offline
|
Yes, not being able to take the car back without going to court is a third payed and a Voluntary Termination (which applies to any finance agreement regulated by the consumer credit act, normally under £25,000ish) means once you have paid half of the total amount payable you can just hand it back with no further payments. This however doesn't blacklist you but does get recorded on your credit file and future lenders may look at it in a bad way as VTs cost companies a lot of money as they never get back what is owed on the Finance agreement.
V
|
RickV6
Member
Registered: 28th Jan 03
Location: Midlands
User status: Offline
|
F@ck it mate I'd rather av a voluntary termination than a CCJ, I work for a bank and I've seen what people with bad credit are missin out on
|
Makarus
Member
Registered: 25th Jun 02
Location: Nottingham/Derbyshire Boarder.
User status: Offline
|
What are they missing out on V6??
|
M2RTY
Member
Registered: 25th May 01
User status: Offline
|
i never touch finance, deal with it every day at work and its a fucking rip off!!
unless u get less than 5% apr i wouldnt even bother
|
d0gz_bollox
Member
Registered: 8th Apr 02
Location: Walsall
User status: Offline
|
quote:
Originally posted by Makarus
What are they missing out on V6??
Free biros n stuff.
You know. all that cr@p they send you in the post.
|
OFcorsa
Member
Registered: 6th Jan 03
Location: Cheltenham, Gloucestershire
User status: Offline
|
well if he loses the car he's not gonna want the free scraper!!
|
