Thread: Black Horse HP Agreement LP Charges

Hire Purchase Agreement created to purchase a car in 2005.

I have a copy of the original agreement which admittedly i find quite confusing. However the car was 5820. There is a section in a box entitled key financial information next to total amount payable (a+d+e) = 8153.72

I missed several payments and therefore the account is defalted. However the outstanding balance of 1197.63 is being sought by a debt collection company. I have a updated statement of account and the outstanding balance is entirely made up of late payment charges! also interestingly the opening balance on the statement of account is 7640.76, a figure which is not mentioned in any of the boxes of the original agreement

I have sent various letters requesting proof of the debt etc and have been offered a reduced settlement figure of 898.22

Am i liable for these charges? my credit file is ruined but i need to remove this default to start improving the file for the future. JUst would like to know whether it is worth trying to challenge this.

Do i need to pay this before i could take it to court orcan you go to court prior to payment if in dispute?