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Bank of Scotland Car hp
losingmyhair
Posts: 2 Newbie
in Loans
Morning All
Hope someone can give me a bit of advice, I currently have a car that was purchased with a hp agreement through BOS from available car. Now problems started when my own work declined (self employed). I have gone from 17 employess in 2007 back to just myself and im now finally able to get some money coming back through the door.
Now in this time I have got behind with alot of things including the above said car loan, I have spoken to BOS during this time but we could never make any arrangement that was both suitable for them or reachable by myself as they always wanted the payment to be too high to bring down the arrears. I did have PPI with another company for such times but this turned out to be none fruitfull as I was self employed ( am trying to claim this as unsold).
This morning I have now received a letter informing me that the Agreement is Terminated and I should return the good immediately! Now does this mean I have reached the end with this or can I try and pull something around. I have still not got the funds to pay the arrears in full so that option has gone.
I understand that I will have paid over a third of the agreement but what options would that give me?
Regards
LMH
Hope someone can give me a bit of advice, I currently have a car that was purchased with a hp agreement through BOS from available car. Now problems started when my own work declined (self employed). I have gone from 17 employess in 2007 back to just myself and im now finally able to get some money coming back through the door.
Now in this time I have got behind with alot of things including the above said car loan, I have spoken to BOS during this time but we could never make any arrangement that was both suitable for them or reachable by myself as they always wanted the payment to be too high to bring down the arrears. I did have PPI with another company for such times but this turned out to be none fruitfull as I was self employed ( am trying to claim this as unsold).
This morning I have now received a letter informing me that the Agreement is Terminated and I should return the good immediately! Now does this mean I have reached the end with this or can I try and pull something around. I have still not got the funds to pay the arrears in full so that option has gone.
I understand that I will have paid over a third of the agreement but what options would that give me?
Regards
LMH
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