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Can they repossess?

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Hi All,

Apologies if this has been asked, I am sure it has been but I cannot see it.

 

I have a moneybarn HP agreement.

 

I am in arrears of 3 months, and they have issues a default notice (allegedly).

 

I am able to meet my monthly payment of £195 but they will not set up an arrangement because I can only offer them £200pm at present.

 

I have paid £7070.04 of my £10391 arrangement so 68% of my total arrangement.

 

Can they repossess? even if I pay the £200pm on the online portal so they are still getting a contractual payment?

 

Thanks

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Hi and Welcome to CAG

 

Because you have paid over one-third or more off the total hire purchase cost, the owner cannot repossess the goods without taking legal proceedings.

 

Regards

 

Andy


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typical moneybarn..they don't know what they ae doing and make up their own rules as they go along.

 

get an sar off to them

as I expect you've all manner of arrears/leter/phonecall/default etc fixed penalty charges you can reclaim.

you'll probably find that's why they say you are in 'arrears'...their unlawful penalties!!


..

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