📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Credit hire company

Options
Hi I was involved in a no fault accident I was put onto nationwide credit hire company I got a payout and they also paid me salvage value of my car my car was on finance I was nearly into a year of the finance agreement we used the money to purchase another car and are carrying on with the finance now the credit company have threatened me with court action saying they have payed me the money and my car is still showing up as financed and they want it taken off surely this has nothing to do with them it’s not as if I’ve spent the money don’t know what to do 

Comments

  • MovingForwards
    MovingForwards Posts: 17,149 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Your car was on finance when it was written off? The money should have gone to the finance company to clear / pay towards the debt. You can't just take the money and spend it on a different car.

    Which credit company have threatened you? The credit hire company? the car finance company? Or someone else?
    Mortgage started 2020, aiming to clear 31/12/2029.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.