Idem servicing Black horse car finance

kartingmad

Hi All

Please bare with me here.

I had a car finance in 2007 and in around 2009 I gave the car up because I was made redundant which I thought was the best thing to do. As I had paid less than half the loan back they sold the car and I was left with and outstanding debt of around £1500. I still believe to this day that I have was well and truly stung because the price they sold the car at.

Fast forward to June 2014 and I receive a letter from Idem servicing saying that they are taking the debt on and that my normal payment plan will continue. Reading some of the other threads I have seen this company pop up but it seems to be only dealing with MBNA and Loans that are secured on properties.

I have tried to contact Idem by email like it stated in the letter but to this day have had no response from them. I have drafted a letter together for a CCA request but in the past I know that this doesn't always help because of the case between someone and HSBC with the judge stating that a copy is enough evidence to prove.

Im slightly worried that they have not contacted me further by phone or email to try and arrange further payment. Also I have a mark from black horse on my credit report which will be in the 6th year in July 2015. Will idem put another mark on my file or because its the same debt will it still disappear after July 2015.

Any help would be appreciated at this moment in time

Tom

happy_bunny_2

When in 2007 did you take out the finance? The rules changed in April.

After 6 years of no payment or acknowledging the debt in writing, it's statute barred. You might be close to that?

Email does not acknowledge it.

I would be tempted to ignore them for now.

Could you afford to lay if you had to, I.e. It went to court?

poppasmurf_bewdley

kartingmad wrote: »

Hi All

Please bare with me here.

I had a car finance in 2007 and in around 2009 I gave the car up because I was made redundant which I thought was the best thing to do. As I had paid less than half the loan back they sold the car and I was left with and outstanding debt of around £1500. I still believe to this day that I have was well and truly stung because the price they sold the car at.

I know it's too late to do anything now, but if you were paying for two years, you must have been near the point where you could have handed the car back at the half way point without getting into further debt. Even if you were two or three payments short of the half way mark, you could have borrowed that to make up the payments.

The finance company have to sell via an auction, and they have no control over what price the vehicle will attain.