Car finance mess

Teaandbiscuits21

I have had my car repossessed this morning. 3k arrears, nearly 5k to pay in total as the remaining balance.

I understand it goes to auction and I’ll get a bill. Can I just set up a plan to pay this bill or will I end up with a a CCJ?

worried about a CCJ as I’m already trying to remove one at the minute I could do without a second. 

All this with two demanding three year old kids I can’t cope.

Grumpelstiltskin

Please stick to one thread.

Car finance mess - Page 3 — MoneySavingExpert Forum

Teaandbiscuits21

Grumpelstiltskin said:

Please stick to one thread.

Car finance mess - Page 3 — MoneySavingExpert Forum

Sorry. Someone told me to head over here 

TheAble

Teaandbiscuits21 said:

Hi guys ultimately I left it too late.

car repo guy has been this morn.

he says i have 7 days it goes into storage for then u could potentially get it back? Anyone know how this works before i get in touch

thanks 

Teaandbiscuits21 said:

Hi guys ultimately I left it too late.

car repo guy has been this morn.

he says i have 7 days it goes into storage for then u could potentially get it back? Anyone know how this works before i get in touch

thanks 

Presumably if you can come up with the arrears and any storage/collection fees due then you will be able to get the car back?

Why don't you just get in touch though? You keep on dragging your heels and now it's got to this stage.

Grumpelstiltskin

Other thread Car repo what next? — MoneySavingExpert Forum.

TheAble

Grumpelstiltskin said:

Other thread Car repo what next? — MoneySavingExpert Forum.

Didn't you just tell her to stick to the one..? 

Teaandbiscuits21

TheAble said:

Grumpelstiltskin said:

Other thread Car repo what next? — MoneySavingExpert Forum.

Didn't you just tell her to stick to the one..? 

Apologies I didn’t realise I was doing something wrong. I’m pretty new here.

Cheers.

fatbelly

Ok, that was me.

At the moment you don't know what is owed. It's possible (but unlikely) that you don't owe anything

I assume this was a HP or PCP agreement that you stopped paying. You didn't mention a court process so it must have been early in the term

This guide explains the process

https://nationaldebtline.org/get-information/guides/hire-purchase-debt-ew/

And at the end there is a sample calculation which may not be a lot different from your situation

So when you know how much you owe, post here on dfw. We'll need to know a bit more about your situation - other debts, income, expenditure. There's always a way forward, and you won't necessarily get a ccj.

sourcrates

Threads merged.