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 am considering VT'ing my car, the problem is that I think that the car is on Finance, not HP. I am with Black Horse but find the T&C's a little confusing.
Its a 5 year term to which I have paid just under 50%.
I have heard its not possible to VT under finance, you can only do it on HP.
If this is the case then is there anything I can do as the cars value at Trade is about £4200 and I owe over £8000 due to negative equity from previous 2 cars.
Welcome to CAG saxomad, and to making your first post too. I think Ilovebanks already has his contract as he says the terms and conditions are not very clear. We just have to find out what kind of agreement he has.
If your car finance is with Blackhorse the chances are that it's a loan you have . This happened to me when MG went to the wall I decided to hand back the car as I'd paid more than 50% but was told by Blackhorse that it was a personal loan that the dealer had set up for me. Therefore I had to either sell at a loss or see out the remaining contract.
Voluntary Termination HELP!
Who Dares Wins
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