Hi -I took out a car finance HP in 2005 for £32000 in May 2009 the finance company wrote asking for a final(bullet) payment of £9400 but they would not take the car back instead.As there was negative equity in the car my only option was to re negotiate this sum over a further period of 3 years however they did not issue a new finance agreement but sent a letter confirming new payment amount with interest added.is this still an HP contract ie do they still have security over the car?