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Voluntary Surrender v Volutary Tremination?

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cardebt Posts: 2 Newbie

26 April 2011 at 9:20PM in Debt-free wannabe

Hi,

Is there a difference between 'voluntary surrender' of a hp agreement and 'voluntary termination'?

I have a solicitors letter turned up requesting i pay £8054.90, after i voluntarily surrendered my car last year. I was advised by the finance company, that as i had paid over 50% back i could give the car back without owing any money.

Any advice would be really apprecaited!

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Voluntary Surrender v Volutary Tremination?

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