Santander/Anglia

CorBlimeyHowMuch

My friend is 3 months behind on her Santander Car Hire Purchase Agreement, owing £915.16. she has paid 44 of the 60 pcm payments.

Santander have appointed a company called Anglia of Spalding to act as there managemet agents on there behalf.

Anglia confirmed this in a letter yesterday, she rang them offering the monthly pament plus £50 of the arrears but they declined this offer and said Santander would expect the full arrears to be paid in full within 6 months which isnt financially possible for her.
They also said in the same letter that they may send one of there Field Agents who would personally visit her at home or at work:eek: to confirm her current address ( they have this as they sent there letter to it) He would discuss the options open to her with regard tothe agreement including collecting payment of the full arrears (doesnt have this amount of money) or returning the vehicle under the terms of the agreement.

She has paid 44 of the 60 payments, would they have to go to court to get reposession of the car or can they just turn up at work/home and demand it?:eek:

What a:eek:re her options, should she deal directly with Santander, or Anglia, her first reaction is to pay what she has offered plus monthly payments or just let them come for the car..Its worth about £2.5k on a good day but at an auction they would get £1k and that would leave a shortfall which they would hound her for.

Up till 4 months ago her payments were up to date, paid every month on time, surely she has some options open to her.

Any advice would be welcome. Thank you

CorBlimeyHowMuch

Anyone got any comments??

sutters

Can only think of her going to the Citizens Advice Bureau at this stage?

sutters

Has she got time to sell it privately as she would get more for it and then pay back in full what she owes Santander and hopefully still have some money left?

KingElvis

As far as I know if she's paid over 50% of the price / payments then they can't snatch the car back.

Obviously, they will expect to have their money and for your friend to catch up on the missed payments.

Dabooka

Assuming it actually is on HP, would a VT possible? Not too sure about it if she's in arrears, but it's possibly one way out.

Common_Sense_2

Dabooka wrote: »

Assuming it actually is on HP, would a VT possible? Not too sure about it if she's in arrears, but it's possibly one way out.

she'd still have to pay the arrears and the finance company can ask for those before they allow her to VT

~Brock~

Common_Sense_2 wrote: »

she'd still have to pay the arrears and the finance company can ask for those before they allow her to VT

Not quite correct......you can VT anytime and the lender cannot refuse because of outstanding arrears.

Although there is no legal time limit for the payment of any remaining liability after exercising the right to VT, the lender can treat it as an unpaid debt if it stays unpaid and could sue accordingly.

dancingfairy

Firstly she needs to double/triple check whether it's actually hire purchase or a personal loan dressed up as hire purchase as I believe this can impact the options available to her.
I believe once you have paid more than a certain amount off (2/3?) then you can terminate the contract early by handing the car back and not be liable for any more but I am not 100% sure.
I would a) post this on the debt free wannabe board as I would be very surprised if someone didn't the answer and/or
b) have a look on National Debtline's website or phone them for advice or the CAB before deciding what to do.
Best of Luck
df
Edit: found this fab factsheet from National Debtline which should give you loads of info:
http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=16_hire_purchase_debt
Basically though they can't take the care without going through the courts as you are so far through the agreement from what it says on the factsheet.

~Brock~

dancingfairy wrote: »

I believe once you have paid more than a certain amount off (2/3?) then you can terminate the contract early by handing the car back and not be liable for any more but I am not 100% sure.

You would be liable for any arrears on the loan together with the costs of rectifying faults to the vehicle if it was not of a satisfactory standard when returned.