Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I read on various sites that you may terminate an HP agreement at any time you wish just by agreeing to pay up to the half way point as stated in the agreement.
If i terminated the agreement and lowered my payments towards the oustanding amount would BlackHorse issue a default against me and go down the debt collection route?
At the moment i am paying £181 a month with an apr of 38%. It is just impossible for me to keep up hence me wanting to terminate and lower my payments so i would rather go down the route of termination rather than re-possession. In no way would i dispute or try and wriggle out of paying but i really need to lower my monthly outgoings.
I've just got myself in a terrible mess by doing exactly what you are thinking of doing.
I've been conned into signing a new agreement which I thought was an HP agreement on the car with reduced monthly payments. Turns out that it's effectively a personal loan. Im absolutely fuming and came on here to seek some help myself. Not sure where to post about it though
Am simply looking to terminate the agreement hand the car back, then pay up to the half way point which according to the DirectGov and National Debtline website i am well within my righs to do.
I am wanting to know that when it comes to paying the balance up to the 50% mark will blackhorse start issuing defaults and DCA action as i wouldnt put it past them.
Termination Rights
route?
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