Problems with Automoney, please help

[Alfred6969]

I recently took out a loan with Automoney for just £300 on car worth about £700 (family crisis at the time) ,

 

it has since broken down a needs a £200 repair.

 

I lost my job

 

 

I have missed 2 payments to Automoney and

 

 

they say unless I pay up by tomorrow they will seize my car.

 

They are not interested in a payment plan going forward ,

 

 

and I am also frightened they may also seize my other car

even though that one does not have any agreement and I own the car and log book !

 

Can anyone help ?

[renegadeimp]

Whether they can repossess the car depends on the background of the debt.

 

 

They certainly cannot touch the other vehicle.

 

 

If they did, that would be theft.

[Alfred6969]

I wish I had not taken out the loan (family crisis at the time)

 

The loan was only for £300 on a car worth about £700 and it now needs a £250 repair .

 

Some people have told me to hide the car at a friends house ,

 

 

but that doesn't seem right ?

[renegadeimp]

Can you post as much history of this debt as possible please.

 

 

Including any amounts you paid,

total amount owed,

amount left owed,

whether you checked if the bill of sale was registered correctly etc.

[Alfred6969]

Can you post as much history of this debt as possible please. Including any amounts you paid, total amount owed, amount left owed, whether you checked if the bill of sale was registered correctly etc.

 

Loan taken out in August for £300 ,

 

2 monthly payments made for £38 each , then lost my job.

 

Amount still owed - £464.00 "not the settlement figure" .

 

I have not checked if the bill of sale was registered !

 

Many thanks !

[Conniff]

I take it this 'Automoney' is a logbook loan company and charge you the earth for the pleasure of a few quid.

 

 

If this is a logbook loan, there are a lot of regulation surrounding it. It doesn't matter if it seems right or not, hide the car away and catch up with the payments.

 

 

How much was the total repayable ?

how many payments are there ?

how many payments are left ?

how much are your payments ?

[Alfred6969]

I take it this 'Automoney' is a logbook loan company and charge you the earth for the pleasure of a few quid.

 

 

If this is a logbook loan, there are a lot of regulation surrounding it. It doesn't matter if it seems right or not, hide the car away and catch up with the payments.

 

 

How much was the total repayable ?

how many payments are there ?

how many payments are left ?

how much are your payments ?

 

 

Total repayable = £1300

36 monthly payments of £36

There are 33 payments left.

 

 

I also cannot find the bill of sale , or it wasn't sent or registered ?

 

 

Hope you can help ?

 

 

Many thanks !

[theoldrouge]

first check if your BOS has been correctly registered,you will need the vehicle reg

how to check:

.

email:QBEnforcement@hmcts .gsi.g ov.uk.[no spaces]

.

ring:020 7947 7772

.

write:

QB Enforcement Section,

Room E15-E17,

Royal Courts of Justice,

Strand, London, WC2A

...

.

ideally you need the BOS number

.

however

they can search by the Reg Number

http://www.justice.gov.uk/courts/rcj...ch/enforcement

 

they cannot repo your vehicle without first sending you a default notice under s87cca 1974

 

with 14 clear days to remedy

 

You could also consider a time order if you are having repayment problems

https://www.nationaldebtline.org/EW/...t/Default.aspx

[Craftygirl65]

Hi, my other half has a loan with them and missed 2 payments due to ill health he us disabled and I am also. We needed the money for a emergency . At the time it seemed a good idea but now he is worried that the will be taken he is on a debt management plan now but doesn't know if he can put it on that. However it is worrying us because without the car we are both housebound. It was stupid thing to do but at the time he had no options. Also now he needs to change address on his v5 and doesn't know what to do

[theoldrouge]

as post #8

[renegadeimp]

300£ loan and they want you to pay back over a grand?