Santander default notice

[avocados]

Hi

 

I have received a default notice from Santander for a vehicle HP agreement. They say I owe just over £850.which is a little more than I thought I owed, I thought I owed just under 3 months (which is still a lot) so they have also added some charges to the account that are within the default notice.

 

I am a student and agreed a date to repay my arrears with them at the end of the Summer break when I should have accumulated some money. ( I did some self employed work this summer and I should have been paid by another company for the work I did but they still have not sent payment - I may have to take these to court)

 

So as I have not been paid then I have not been able to settle the arrears with Santander.

 

The Hp agreement is almost finished. I have had it about 4 and half years.

 

The default notice states that...

 

Total amount payable = £16,828

I have paid to date = £15,243.25

Amount outstanding = £1684.75

They say the arrears are £851.45 and I must pay this by 27/11/13

 

I don't know how true the above figures are and I suspect the £851.45 to contain some charges.

 

Please advise on the best way to proceed here. I don't have £850 (well £850 minus whatever charges they have added as they are not getting them from me) to give them until I am paid for the work I did in the summer

 

I have been expecting the default notice to come but its still a shock when it does and I feel sick with worry that I have paid £15k and I could soon be without a car

[avocados]

Please can anyone advise what I should do? I don't have the money to give them right now and I am worried what may happen

[avocados]

They defaulted me and have terminated the agreement. They said in a letter that unless I return the vehicle they will seek to get the car back through legal action. then the latest letter they sent me was a notice that my account will be passed to external debt collectors. This has confused me a little as I was expecting legal action????????

 

I have asked for a statement and there is £125 in charges on the balance. Since my last post I have paid £150 off the arrears and will be able to do another couple of hundred next week. I am thinking of clearing a big chunk of the balance in January hopefully if finances allow. Hopefully Santander will have patience as I could do without the stress of going to court even though I am confident they will not make me return the car due to me having paid £15k already (they have all the money I borrowed back so I just owe them some of the interest)

[avocados]

Does anyone know who code red services are?

 

When I tried to make a debit card payment online it would not let me do it and told me to contact them. I just made the payment by bank transfer instead but then I googled code red services and I could not find anything suitable that this company could be relating to this??

Edited December 9, 2013 by avocados
spelling!!

[dx100uk]

is this the one you raised the charges claim on?

 

dx