Car finance in arrears

[littlefatbudha]

Please could somebody help me, i have fallen behind on my car finance, and have received default letter last month ( although not showing on experian ),i owe about £900 in arrears, some of this is where i was paying a reduced payment for 3 months.

The payment amount is ment to be £269.00 a month to which now ,i am only getting work now and again i cannot afford to pay.

I have paid over a 1/3 so i know they have to get a court order, i will update letters, please can you advise me,Steve

[littlefatbudha]

default letter

default 2.pdf

Edited August 10, 2009 by littlefatbudha

[littlefatbudha]

Also could somebody advise me to what an "installation charge " is,thanks, could somebody check the solicitors letter, am i right in saying they want me to return the car, and also pay the outstanding balance ?

That sounds like a good deal to the finance company, to have a fully paid car back in their posession, surely if i was actually able to afford to pay outstanding finance that would make it my property.

Edited August 10, 2009 by littlefatbudha

[littlefatbudha]

Received call today from finance, asking when i am going to make payment, to which i replied about the termination notice, they said if i make a payment not to worry about it.

Can they send out termination letters ,whenever they like ?

Also there is still no sign of default with Experian, please advise me, somebody !

Edited August 10, 2009 by littlefatbudha

[littlefatbudha]

Would somebody please be able to give any advise,many thanks.Steve

 

Please see this thread as this is closed

 

 

Car finance agreement

Edited August 11, 2009 by littlefatbudha