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Been lumbered by being guarantor! can anyone give advice!

I desperately am seeking any advice that i can get. I was stupid enough to finance a friend with a loan to get a car a few years ago. The initial debt was £9,000 and is now £6,500 my so called friend has done a runner on me with the vehicle. The finance company have been helpful enough and are letting me fill in an income and expenditure form to see what i can afford to pay (im a single mum working full time with a huge mortgage and just keeping my head above water) I realize i am liable to pay the loan but wonder is there anyway that i can get the car back or find where she is to get the vehicle back to get some of the money back without having to take her to court as i cannot afford to. I have contacted the police but cannot register the car as stolen as it is a civil matter and she hasnt in effect stolen the vechicle whether i and the finance company own it or not. I am completely at my wits end and really need some help on this one. Thanks

Comments

  • macchicken
    macchicken Posts: 275 Forumite
    Can u contact her family or work?
    Try the electrol roll,or the directory enquiries!
    Friends reunited?
    But id say family are urbest bet, try and get them on ur side!
    good luck
    That mrs macchicken to you!
  • Bossyboots
    Bossyboots Posts: 6,760 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The finance company can contact DVLA for details of the registered keeper. Presumably at some point your friend will re-register the car at a new address

    http://www.dvla.gov.uk/vehicles/relinfo.htm

    You may also be able to apply yourself as being guarantor against the loan may be good enough reasonable cause for you to be told who the registered keeper is.
  • ditzymuppet
    ditzymuppet Posts: 301 Forumite
    Keep smiling! What a horrible position to be in :(

    *hug* :rolleyes: :)

    ~ditzy x
    :pLove hugs and glitterbugs :p
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