Help !!!

pollyshead

Hello there,

I have just received an email from an ex girlfriend saying she has just received a bill for a car that got repossessed over 4 years ago. She claims she has never heard anymore about this since the car got taken away.

I don't have much more info than this as i don't want to get too involved.

Where does she stand?

Phoenix79_2

I'm afraid we need more info. Is it the shortfall on a settlement? Is it the arrears balance on a voluntary surrender? Is it an excess mile charge on a HP/Lease deal?

pollyshead

The car was taken as payments were missed. It wan't taken back voluntary.

I'm trying to find out more info at the moment. It'e the age that confuses me, this is years old.

grumbler

Only after 6 years she can forget about the debt.
AFAIK repossession doesn't mean that the debt was settled in full.

Phoenix79_2

Ok...was the car repossessed shortly after the finance was taken out? If she had paid over a third of the amount financed then it would have needed a court order to repossess assuming it was a CCA regulated deal (and that you aren't in Scotland as you need a court order to repossess at any time there).

You can agree to have your car repossessed if you can't pay for it along as you accept that you will be liable for the shortfall upon the sale of the car. You can only voluntary surrender if the account was up to date at the time you handed the car back (and you had paid over half of the amount financed) but as it was collected due to missed payments then it obviously wasn't this.