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OLd Car Loan
easynote11
Posts: 20 Forumite
in Loans
HI, CAN YOU PLEASE HELP, :mad:
MY FRIEND CO-SIGNED FOR A CAR FOR A OLD BOYFRIEND, 13 YEARS AGO, IN OCTOBER 1998, THEY ARE NO LONGER TOGETHER, SHE CAN NOT DRIVE, HER BOYFRIEND WAS NOT PAYING FOR THE CAR, AND SHE CALL THE CAR FRIM, AND ASKED THEM TO COME AND COLLECT THE CAR, THIS WAS BACK IN FEBUARY 2000, SHE TOOK THE CAR BACK TO THE DEALERSHIP, NOW SHE IS GETTING A LETTER FROM A SOLICTORS CALL MACHINS, WHO WANT HER TO GO TO COURT, FOR THE SUM OF £12,191.56 , ON THE LETTER FROM THE SOLICTOR THE SALE PRICE OF THE CAR WAS £5,500.00
INTEREST AT A RATE OF 8PCT OF £133.07
CAN YOU PLEASE ADVICE WHAT SHE CAN DO?
THKS
MY FRIEND CO-SIGNED FOR A CAR FOR A OLD BOYFRIEND, 13 YEARS AGO, IN OCTOBER 1998, THEY ARE NO LONGER TOGETHER, SHE CAN NOT DRIVE, HER BOYFRIEND WAS NOT PAYING FOR THE CAR, AND SHE CALL THE CAR FRIM, AND ASKED THEM TO COME AND COLLECT THE CAR, THIS WAS BACK IN FEBUARY 2000, SHE TOOK THE CAR BACK TO THE DEALERSHIP, NOW SHE IS GETTING A LETTER FROM A SOLICTORS CALL MACHINS, WHO WANT HER TO GO TO COURT, FOR THE SUM OF £12,191.56 , ON THE LETTER FROM THE SOLICTOR THE SALE PRICE OF THE CAR WAS £5,500.00
INTEREST AT A RATE OF 8PCT OF £133.07
CAN YOU PLEASE ADVICE WHAT SHE CAN DO?
THKS
0
Comments
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pay it as she co signed for it they want the outstanding balance owed as per original agreement,0
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This debt wil be statute barred if she has not acknowledged the debt for 6 years. Does she have a CCJ against her?
There are plenty of letters to use on here that you can send off to the company stating that the debt is now statute barred (so can't be taken to court)! Remember to send everything in writing and don't speak to them on the phone.0 -
sorry didnt read the date right0
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This debt wil be statute barred if she has not acknowledged the debt for 6 years. Does she have a CCJ against her?
There are plenty of letters to use on here that you can send off to the company stating that the debt is now statute barred (so can't be taken to court)! Remember to send everything in writing and don't speak to them on the phone.
HI, Tks
She has never had any CCJ against her, could you please tell me where to find the letter to use for the company,
Tks for you help0 -
The template letter is at the end of this document.
http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=25_liability_for_debts_and_the_limitation_act0 -
Someone, somewhere, has bought this old debt probably for about 1p in the £ and is hoping they can frighten someone into paying.
It's obviously statute barred, and they need to be told so. Use the template letter suggested."There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock0
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