Thats the thing Buzby, they say it will remain 'current' until they sell the car. I just find it strange since they own the car and my agreement has been terminated.

Hello folks, im pretty much in the dark about this so hopefully someone can help. I terminated the HP on my car and paid a £70 'liability' fee to Black Horse to do so. Having over 50% of the agreement completed I was told it was a straightforward matter of leaving the car back and signing it over, with no negative impact on my credit file. Today I checked on my file and found the agreement still in place, I then phoned BH and the girl told me that the finance will remain on my credit file untill they have sold the car on. Is this the normal procedure? Thanks in advance.

Be great if we could just boycott the feckers.

Letter copied from the template on here and ready to go tomorrow. Thanks to you both for the help, hopefully have some joy from this.

Sorry for being a numpty but whats a digital signature?

Didnt know that thanks, Im a tennant though so no house to secure anything against.

Also I forgot to add that both loans were unsecured (no house to loss equity on)

Thanks for your time and advice bear, will get on the ball with that now. Also is the default vaild for the 6 years after it 1st defaulted or from each time it is updated?

They are both loans bear, one started in January 2005 and the other in November 2005. No need to apologise. Sorry for the orignal post being so vauge.

Hello hungrybear, both accounts defaulted on the 31/01/2007. However one has been updated to 11/10/2009 and the lesser amount updated to 30/08/2009.

Hello all, have just registered after 'lurking' about on here for a while now. Ive decided to try to get my not so healthy credit report sorted. Forgive me if this is in the wrong place and feel free to correct me. Here goes, I have two 'defaults' on 2 Halifax accounts, one for just over 12,000 and the other for just over 5,000. The 12,000 debt is now being handled by Westcot and I assume the 5,000 remains with Halifax as I have heard nothing about it in donkeys. I was wondering if anyone had any experiance of settling debts with agencies such as Westcot and if so the just how many pence in the pound would generally be seen as acceptable? I have looked at the possiblity of an IVA where 'up to 75% can be written off', I wonder would such a figure be possible with one up front payment. Any help will be greatly appreciated.