AG Finance / Bluestone Credit Management

leespot

Hi All,

I took out an agreement for a car back in 2001 with Blackhorse (AG?) and about a year later was unable to carry on with regular payments at the agreed amount - but I did continue to make smaller payments.

In a nutshell, the finance company didn't like the lower payments and harrassed the hell out of me. Rightly or wrongly I surrendered the vehicle to them which they then sold at auction.

I then got an outstanding balance of around 9k for a 5k loan - but as the new payments plan with frozen interest had been made I accepted it and carried on paying.

This month I got a letter from BCM saying I still owed approx 4k and did I want to settle. I was confused by the amount as I know I've paid around 5-6k. I then got a letter (same week) from AG Finance saying my balance owing was 1k. I know which one I prefer!

As I surrendered the vehicle before I had paid half of the amount, would I still be liable for the full amount? AG Finance say my amount of credit was just over 6k - so I am just waiting to find out if PPI was on the car which is another drama! lol.

Thanks in advance for any help!

Tixy

You need to ask them for a copy of the statement, and for proof of how much the car was sold for at auction and how much of that they deducted as fees and therefore how much it reduced your balance by.

It might be appropriate to do a subject access request to them - so you get a copy of everything they have on file and can then work out what the balance should be.