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Malikqwert

Can a finance company can report car as stolen?

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Hi, i just want to know if i m not paying for the car monthly payments, can a finance company report it as stolen if they cant find it?

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no

but its not as simple as that

 

 

full story please


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It depends.

 

If they have provided you with a personal loan (unsecured) : they don't own the car, so no.

If you bought the car on HP, they own the car until you have made the last payment, so (possibly), yes.

 

There are potentially other factors (such as how much of the finance you have paid off) that might come into play too, so (as dx has asked already) ; what is the full story (including type of finance, payment history, communications from the finance company since the payment problems).

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BOS is p'haps the most important here.

hope its not with moneybarn....:lol::lol:


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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