blackhorse finance

DIVA07984

I have been having problems with blackhorse finance- (see previous posting)

They have told me that i have paid £7158.06- since 2006 and if i pay another £500 they could take back the car

or i have £7865.08 left to pay them to own the car .

they are telling me that i may not get finance with them - any advice

~Beanie~

It looks as though the previous problems that you have been having are related to you missing payments. This will go on your credit file and could result in you being unable to get finance in the future.

Once you have paid half of the total amount payable under a HP agreement, you can do a 'Voluntary Termination', which is where you hand the car back and pay no more money. I think that is what they mean by paying another £500 as that would mean you will have paid over 50% of the total.