creation consumer finace (top up loan)

kic

hi people looking for some advice,

ive got a car on finance and its over 2 companys i pay blackhorse £112 per month and creation £38 per month, i have been paying this for 2 years now and blackhorse are great they send me statments etc and ive never had a problem with them, creation are useless on the other hand, i was givin absolutley no paper work from them in the time i have been with them, have no idea when my final payment is etc ive tried foning them basically to get told nothing. thing is im thinking of going for a new car and need to know figures before i do

also say for instance i stopped paying them, could they legally take my car from me, as im still paying blackhorse for this, thinking on it now i would have ran a mile when the dealer said it was over 2 companies but im young and stupidd and got sucked in any advice would be appreciated

paddyrg

Blimey, what a mess. Sounds like Black Horse are maybe the finance company and creation gave a loan for the deposit or something?! Can't say more without more details of the types of product you took (HP, secured/unsecured loan/etc), but don't be silly and think you could simply stop paying one or the other, it will not end well. And please do yourself a kindness and forget all about more loans for another car, at least until you have paid all this one off.

PNPSUKNET

creation will likely be a topup loan, say for example blackhorse said your worth £5k but you need £10k. A loan with creation would of been formed for the shortfall.