Jump to content


Arrears On Secured Loan With Black Horse


PSB123
 Share

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4211 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

I have defaulted on a secured loan I have with Black Horse. I am behind several months and would obviously like to get it back up to date. They have served me with a default notice and are demanding either the loan be paid in full or the arrears paid in full within seven days.

 

I neither have the full amount outstanding or the arrears. I can however resume the normal monthly repayment with an additional amount added on to repay the arrears.

 

Please could you advise me as to where I stand what with it being a secured loan.

Link to post
Share on other sites

Do exactly as you indicate - negotiate with them about paying the usual amount + an amount you can afford to start reducing the arrears.

 

Don't offer more than you can afford becaused this will cause you problems later.

 

You will be showing good faith and proving you are able to pay off the arrears - if they don' t accept your proposal, pay it anyway and see what happens. It is unlikely they will go for repossession if you are paying off the arrears, and if they did, the judge would not look kindly on them .

 

BAE :)

  • Haha 1
Link to post
Share on other sites

They normally give 14 days in which to remedy the arrears !! Is this a regulated loan or unregulated ?

PLEASE NOTE - I am not a legal expert, what is stated is my own opinion and from what I have learnt from this forum and my own experiences.

 

DEBT COLLECTION LETTER/SAR/AGREEMENT TEMPLATES ARE HERE - http://www.consumeractiongroup.co.uk/forum/content.php?65-legislation

 

IF WE HAVE BEEN HELPFUL -PLEASE, PLEASE, PLEASE GIVE A DONATION TO HELP US TO CONTINUE HELPING YOU

 

I AM HAPPY TO RECEIVE PM's AND I WILL RESPOND IF I FEEL I CAN ASSIST BUT WHEN YOU DO CAN YOU PLEASE PROVIDE A LINK TO YOUR THREAD ON WHICH YOU WOULD LIKE ME TO COMMENT - THANK YOU

 

IMPORTANT - If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.

Before you decide,consider the users here who have already offered help and support.

Private message facilities are offered for users to communicate issues that are/or could be seen to be inappropriate for posting on the main forum.Site rules explain this in more detail.

If you are approached by private message with a view to asking you to visit another website,please inform the site team via the report icon.

 

Forum rules - http://www.consumeractiongroup.co.uk/forum/forum-rules-please-read/9-forum-rules-please-read.html

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...