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Friend took over car finance but hasn't paid ??
edited 30 November -1 at 1:00AM in Dealing with debts & debt disputes
4 replies 35K views
Hi there, I signed my car over to a friend of a friend on the agreement that they would take over the payments, the new owner spoke to the car finance company and setup them selves on the account and agreed all this, two years later I have received a letter from the finance company saying a payment has not been paid since we signed the car over and I am responsible for the £4800 that is outstanding plus the finance company want the car back so they can auction it off and I also have to pay the balance off whats left on the finance agreement and what the car is auctioned off for, also to make matteres worse the lady that took over the agreement as split with her partner and he has the car but no one knows where, what can I do ?
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