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dj0nes

Unpaid car finance on crashed car

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Hey Guys

Brief summary: Finance took out in 2016 on £10,000 car - paying back £14,500 on a 'hire purchase agreement' with Marsh Finance.
I have paid over 1/3rd
Last payment made December 2017
Defaulted on May 2018
Since then I have had NO communication from then asking for payment or return of vehicle or any county court documents etc.

The car itself I actually crashed in Feb 2018, and stupidly I didn't declare a previous speeding conviction so my insurance paid out to the third party but not to me (Yes totally my own fault I know)
The car is worth about £7k at the moment (without the damage) and I can have it repaired for about £1k - the car is currently in my garage without tax or mot.

I am wondering what to do next, it's very odd that they haven't contacted me about the car, I didn't even receive an annual statement from them which I thought by law they had to send?

My dilemma is do I fix the car up and start using it again or shall I contact them first and let them know what's happened? (They don't know it's been involved in an accident).

I have buried my head in the sand on this one purely down to financial reasons, so it's all my own doing I am not looking for any sympathy just some guidance on what to do, my financial situation has greatly improved now to the extent where I can afford to fix the car and continue the monthly payments plus chipping away at the arrears but I don't want to contact them and have them then immediately start legal action to recover car as at the moment it's almost like they've forgotten about it.

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what does your credit file say?

have you moved since getting the CAR..>>


..

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They are reporting it as a default every month since May 2018, nope same address, same telephone number same everything.

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Forget the calendar section

Is it defaulted in the summary with a date?


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Yup, it was actually defaulted 22/01/2018 according to the credit report. 

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Good. well they can't do anything without a court return of goods order


..

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