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BlackHorse final settlement % they might accept
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Hi all,
I had car finance with Black Horse Finance but got into financial difficulty and had to do a voluntary hand back on the vehicle. This left me with a £2000 deficit which I offered to pay back at £17.50 a month as I was out of work. I have been paying this for about 2 years now. I got a letter saying that my debt has been passed onto MaKenzie Hall as its not work Black Horse processing the payments each month. I have phoned Black Horse and they say their is nothing I can do but now deal with MaKenzie Hall. I am not impressed as I have never missed a payment.
Anywhey my question is this, I contacted MaKenzie Hall about making a settlement offer as my parents have been kind enough to try and pay it for me. They told me the least they could accept would by %75 of the amount outstanding. I am not sure if this is right but what figure do you think they would go for. I am trying to get this as low as possible.
I had car finance with Black Horse Finance but got into financial difficulty and had to do a voluntary hand back on the vehicle. This left me with a £2000 deficit which I offered to pay back at £17.50 a month as I was out of work. I have been paying this for about 2 years now. I got a letter saying that my debt has been passed onto MaKenzie Hall as its not work Black Horse processing the payments each month. I have phoned Black Horse and they say their is nothing I can do but now deal with MaKenzie Hall. I am not impressed as I have never missed a payment.
Anywhey my question is this, I contacted MaKenzie Hall about making a settlement offer as my parents have been kind enough to try and pay it for me. They told me the least they could accept would by %75 of the amount outstanding. I am not sure if this is right but what figure do you think they would go for. I am trying to get this as low as possible.
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Comments
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Offer them 35% and work up every monthDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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