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Can they repossess?


gb123
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Hi All,

Apologies if this has been asked, I am sure it has been but I cannot see it.

 

I have a moneybarn HP agreement.

 

I am in arrears of 3 months, and they have issues a default notice (allegedly).

 

I am able to meet my monthly payment of £195 but they will not set up an arrangement because I can only offer them £200pm at present.

 

I have paid £7070.04 of my £10391 arrangement so 68% of my total arrangement.

 

Can they repossess? even if I pay the £200pm on the online portal so they are still getting a contractual payment?

 

Thanks

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Hi and Welcome to CAG

 

Because you have paid over one-third or more off the total hire purchase cost, the owner cannot repossess the goods without taking legal proceedings.

 

Regards

 

Andy

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typical moneybarn..they don't know what they ae doing and make up their own rules as they go along.

 

get an sar off to them

as I expect you've all manner of arrears/leter/phonecall/default etc fixed penalty charges you can reclaim.

you'll probably find that's why they say you are in 'arrears'...their unlawful penalties!!

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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