Ok got you, I wont do the BS, I will just get the time order done - tomorrow. Thanks for your help today

Well because A they will hassle me if I dont, and threaten to terminate the contract and take the car back (even though they need to apply to court, they will still email lol) and because if I do not do that, I will have to pay next months normal car payment as well as an agreed arrears payment on top so it would give me some space from the arrears payment. It is also to stop all action being taken, IE they cannot go to court during the 60 days....but I can for a time order. How long does a time order take to go through?

Brilliant thank you I will do that. I will do the 60 day breathing space so they cannot hassle me, and then in that 60 days I will apply for a time order. I will tell them about the breathing space but not the time order.

Thanks I have already read through that and I have the time order fact sheet, and I still need my questions answered lol its all a lot of information.

Thank you very much for that information there. Ok so maybe I should not do the breathing space. Should I tell MoneyBarn I am doing a time order via email? Will I need to attend court for this?

Hey everyone, I hope you're all doing well. I wanted to reach out here because I'm facing a bit of a challenge with my car finance through Moneybarn, and I could really use some advice. Long story short, I've hit a rough patch financially, and I've fallen behind on my car payments. Currently, I'm four months in arrears. It's been tough, especially considering I've already paid off three out of the five years on my finance agreement. Car initally was £9,050, finance was for £19,500! I have £8,500 left on it (arrears included). I'm really keen to keep my car because it gets me where I need to go, and I've made significant progress in paying it off. After doing some research, I've learned about something called "breathing space" and a "time order." From what I understand, these options could provide me with some much-needed relief from paying the arrears and a structured way to catch up on my payments without losing the car. I was wondering if any of you have had experience with Moneybarn or similar situations? If so, I'd love to hear your thoughts, advice, or any tips you might have. In two days I will actually have 4 months arrears because I am unable to pay this months payment. I am thinking to email them the day before the missed payment, telling them I am happy to pay as normal from next month and tell them I am applying for breathing space from the arrears and also I want to see about a time order? Current payments are £336 per month and I would like to get this down by having longer to pay it off or by the court reducing the high interest. I am also reading that because I should not have been given the high loan to start with due to not being financially great people are getting compensation? I just do not want them to take the car back after I have spent 3 years paying it off, I only have 24 payments left from 60 so I want to own it after that. Do you have any advice on how to go about this? Once I miss this payment, making it 4 months total of arrears (not 4 missed payments in a row though) that they will terminate my agreement and take the car back. They are asking me to explain my income and expenses which is fair enough but I dont want them to say I can no longer afford it and terminate it. I want to pay it all off, but at lower payments and keep the car. Thanks in advance for your help and advice.