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susiebling365

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About susiebling365

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  1. Thanks for that, I have just received the exact same letter, so I am using your suggestion of the letter too, . Susiebling
  2. I v just checked up on 243 of the highway code, and yes you are right, so why do people keep discussing and arguing? If taking a test it would be striked against you, if an accident occurred ( as in my experience it did) then the fact that you were parked on a white line would go against you. I have just had a white line painted for those reasons. Like the guy says its not neighbourly and can cause accidents. Maybe it is nt a legality as such , but I would n't push my luck and park on one. Thats what the Highway Code is all about....
  3. Ok. It is embaressingly lengthy, and hope you can understand it. My debt problem started in May 2002 and due to divorce I was coerced into agreeing to the purchase of a motor home by solicitors. This was to enable myself and daughters to regain the family home, and my then husband to move out and live in the motor home. He initially agreed to have this as his financial settlement for the divorce. The original debt totalled £40,094.35 , which included interest charges of about £ 10 k. However, the divorce dragged on and my husband changed his mind, and I was left repaying the debt. The payments were £333.63 per month and with having two teenage daughters I soon got into difficulty with the debt. Eventually Black Horse repossessed the motor home and it was sold at auction for £19400.25 ( I had no receipt of this amount ) I cashed in an endowment which Black Horse said left me with a balance of £17024.17. ( take into account my monthly payments )I went to CAB .They achieved only a small reduction in charges. and after about 20 months I started monthly payments to Black Horse of £30 per month. (By this time Nationwide Collection Services Ltd had taken over the account.) I paid Black Horse a further £9000.00 from the payback of the policy and continued to pay £30 per month, then after constant pressure from the collection company I raised the payments to £40 per month and then more recently to £50 per month. I now have a balance of about £5000, and I think I have served my time on all of this. My gut feeling from reading the forums is that the debt could be unenforceable. I want to know if they can take me to court for the remaining £5k which is interest being that the vehicle was repossessed. Hire Purchase Agreement opening balance at 13. 5. 2002 £40094.35 11 payments by DD to 27.5.2003 £3669.93 auction payment 26.1.2004 £19400.25 endowment payment 28.9.2004 £9000.00 bal £8024.17 payments made to 28.9.2011 £3470.00 bal £4554.17 partial interest adjustment by the bank £3581.30 bal £972.87 · I have one sheet of the agreement which does not show any vehicle trade in or interest rate. · Black Horse state that the balance due on 16.11.2011 is £5268.70 · The original financial agreement does not anywhere denote the part exchange that was made for this motor home. Don Amott had a caravan and Kia Sportage against this purchase and both were under two years old. · My ex husband signed for the exchange of these and they were not his as the finance was in my name. · Having checked all the account figures as presented there are still discrepancies in the calculation and from the 2004 statement to the 2011 statement. · We had to formally request the 2011 statement to get some idea of what I was paying for and owing. I have received 2 statements in all of the ten years. · I have had no explanation as to why the account was switched to the Nationwide Collection Services and then back again to Black Horse. · My experience of contacting the Nationwide was unpleasant as they were aggressive and insistent that I increased my payments which I could not really afford to do. · What I cannot understand is that on a 10 year agreement I paid off £32000 in two years on goods with a cash value of £28000. · I am being chased for the interest and charges. · My credit rating is good and shows no evidence of any of this so called debt. I have stopped the monthly standing order for £50 per month to make Black Horse listen to us but I have sent £5 as a gesture of goodwill and will continue this each month while the issue is resolved.As the FO cannot deal with the problem I have now stopped any payment.
  4. The DCA was Nationwide Collection Services. I presumed that BH used them to collect debts. They used to write to me every few months to remind me that the debt agreement was a temporary arrangement, and sometimes push me for a little more. The CAB agreed with them a payment of £30 and eventually I was paying £50 per month. Anyway, a period of 18 months went by with no word from them, then all of a sudden I got the letters adressed by BH again. My "case" is very complex, and the CAB at the start were quite helpful. I now feel that I need to pay them no longer and maybe I have paid more than I should. I just wish I could talk to someone who could go through it and settle my mind about it all, The FO was sympathetic but could n t help , and solicitors don t seem to be really interested , but will take the money... which I have n t got ....
  5. I have been paying £50 permonth up until my partner looked at what I had paid so far and challenge the state of the account. Especially now I am retired. The debt was with Black Horse , vehicle repossessed sold etc and remaining debt passed to Nationwide debt collectors, Recently I have started recieving letters from the Black Horse again and can only presume its because the vehicle is paid and the remaining £5k is made up of charges and interest ( which originally was around £11k. ) I have more recently been paying £5 a month.... Its very complex I m afraid.
  6. Hi I have been reading with interest this forum, but I cannot quite come to a an answer for my question so I hope someone can help me My debt is ten years old , has been defaulted , repossessed etc but I am still being chased for charges and interest, residue to the loan and default charges. The debt is not recorded anymore on my CR file and the BH admit to not reporting it as the vehicle was repossessed and sold, Can they take me to court for these charges and report the same to the CRA? I do think I have served my time on this debt and overpaid them as it is.
  7. I am trying to resolve and end a long term problem with The Black Horse. Can anyone answer me this question. If a vehicle is repossessed and sold at auction, could I expect to have any sort of receipt or official document to tell me on the amount it was sold for etc? I received nothing but mention in a letter and later an amount on a statement. Is this right? thanks[/size]
  8. I am experiencing a similar problem. I see now why my account has gone from BH to Nationwide and now BH again. They are chasing me for £5000 , which is just interest and charges. The vehicle, a motorhome was repossed within the first two years of the ten year loan ( which is now), I have paid the cost of the vehicle plus interest and yet they still want this £5k I am retired now, and my partner has made me realise what a disgrace the whole agreement is, but I just want to end it now. I am retired and feel they have had enough out of a debt that wasn t really mine in the first place. The Financial Ombudsman could n t help, although sympathetic they said it was unregulated, CAB managed to get them to freeze some charges, ( that later crept back) and solicitors just don t want to know. So reading here to see what course of action I can take to end it all and live in peace of their phone and letter messages. They threaten my credit rating and extra charges, but its not listed on my credit profile, and they admit that since the repossession they do not record anything.
  9. Hi. Looking for direction on a ten year old problem, that now I am retired, and met someone who is more savvy than me, really needs an end putting to it. Its with the Black Horse, who I notice are very unpopular on here. I will try to be brief so you don't get bogged down and I do hope someone can answer my question , here goes........ In May 2002 and due to divorce I was coerced into agreeing to the purchase of a motor home by solicitors. This was to enable myself and daughters to regain the family home, and my then husband to move out and live in the motor home. He initially agreed to have this as his financial settlement for the divorce. The original debt totalled £40,094.35 , which included interest charges of about £ 10 k. However, the divorce dragged on and my husband changed his mind, and I was left repaying the debt. The payments were £333.63 per month and with having two teenage daughters I soon got into difficulty with the debt. Eventually Black Horse repossessed the motor home and it was sold at auction for £19400.25 (no receipt of this amount), which Black Horse said left me with a balance of £17024.17. At this point I went to CAB who negotiated on my behalf. They achieved only a small reduction in charges. I cashed in an endowment and started monthly payments to Black Horse of £30 per month. (By this time Nationwide Collection Services Ltd had taken over the account.) I paid Black Horse a further £9000.00 from the payback of the policy and continued to pay £30 per month, then after constant pressure from the collection company I raised the payments to £40 per month and then more recently to £50 per month. I now have a balance of about £5000, which I cannot continue to pay at £50 per month. My partner has pointed out loads of discrepancies in the lack of accounts, and the fact that the vehicle was paid for within 3 years of the 10 year agreement, and that now they are just chasing for interest /charge payments. The Financial Ombudsman was very sympathetic but could not take the matter further as it was unregulated. A solicitor more or less told me to pay, and wanted loads of money in the bargain. Is there any way I can get this debt looked at properly? Is it possible to get the balance discharged or reduced? Can they take me to court for interest charges, and keep adding to the account , as at the moment I am just sending £5 a month.? It is no longer recorded on my credit file as in the words of Black Horse , “the vehicle has been repossessed and its more than 6 years ago? Thanks for reading ...
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