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Bit of advise re Black Horse


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Hi all I would just like to check that I have done the right thing and not been fleeced , I bought a car in November 2007 and financed it with Black Horse , when things got tight in 2009 I contacted BH and told them I would probably have problems making the next payments they advised me that as half the loan was paid off just to take the car to a bca auction site and give it back they would then class the debt as paid off , this I did and they show the debt as settled on my credit file but now I am thinking was this the best course of action ?

Thanks

CB

Still Fighting 4 PPI claims getting there slowly :smile:

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correct if hp agreement hen you have paid half the repayments, you can voluntarily hand the car back and owe nothing more.

you should of confirmation of this when you handed it back ( the car has to be good order and legal, i.e. taxed and MOT ).

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