We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
We're aware that dates on the Forum are not currently showing correctly. Please bear with us while we get this fixed, and see Site feedback for updates.
BlackHorse final settlement % they might accept
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.
0
Comments
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.4K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 241K Work, Benefits & Business
- 617.3K Mortgages, Homes & Bills
- 175.7K Life & Family
- 254.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards