Hi Clint1974, I am currently trying to end my HP agreement with Blackhorse Finance also, I have paid over the amount required to end the agreement. I wrote to Blackhorse requesting the end of my agreement, they sent me a form to complete and stated that I need to pay a further £428.30 in oder to return the car. I called them to find out why I had to pay this balance and they said it was the 'insurance premium'. Not happy with this answer I was advised to request a copy of the agreement, to see if an insurance premuim was included in the agreement ( I'm sure there isn't). I called again to dispute this balance and I was then advised that I was 'behind with my installments'. If I have paid more than the amount specified in the agreement, and the car is in good condition, why am I liable to pay this balance?! The saga continues. Good luck, I hope things go smoothly for you! I'll keep you updated. If anyone has some advice i'll appreciate it.

Thanks for the advice, I have sent Blackhorse a request for the agreement so I should expect that soon. However I am getting anxious as I stopped making payments when I requested the termination of the agreement as I have paid over 50% of the balance, and I am being persued by their head office for 'serious arrears' and they threatening to default the agreement. Am I supposed to continue paying? or should they back off until I dispute the £438 'insurance premium'?

I am currently arranging to return my car to Blackhorse Finance but I have a few queries. I advised Blackhorse in writing that I wanted to terminate the contract and they sent me a form to complete, along with a letter stating that I need to send a payment of £438.90 along with the completed form. I do not know why I would have to pay this amount, considering I have paid over 50% of the finance agreement. I called them and they said that the amount they are asking for is the insurance premium, and that I need to send the form back asap, as the longer I leave it, the more insurance premium I will have to pay. I am not aware of an insurance premuim being included in the agreement, after several letters and phone calls they eventually sent me a copy of my agreement which was eligible. Also it seems that they are expecting the car to have a valid tax disc also. Considering I purchased the car without a tax disc, they shouldn't expect to have a valid tax disc on the car once I return it?! Any advice would be greatly appreciated.

Hi, I am am arranging terminate my HP agreement with Blackhorse Finance but I have a few queries. I notified them in writing that I wanted to cancel the agreement and they wrote to me advising that I have to pay £438.00. I do not understand why I have to pay this as I have paid over 50% of the total agreement, but when I called to question this, they stated it is the insurance premium and that I should send the form back with payment immediately as this amount will escalate with time. First of all, I was not aware of any insurance premium on my agreement (after several calls and letters they provided me with a really bad copy of my agreement that is not eligible). Secondly, the form I have been sent with details of where to send the car to it states the car should have a valid tax disc. As I purchased the car without a tax disc I do not see why i should have to ensure that the car has one when I send it back! Any advice would be greatly appreciated.