Young and stupid : Trying to make up for it now

[TDOC08]

Hello Folks,

 

in 2009 i though it was a good idea to get a new car, so i did.

i already had a car which was bought using a personal loan which was arranged by a different car dealership a couple of years earlier and it was'nt payed off yet.

 

I got the new car and was over the moon, and was'nt really thinking about anything else at the time.

 

My friend wanted my old car and said he would keep my monthly payments going so i stupidly agreed.

I didnt get any paperwork signed over and there is nothing official put in place.

 

This was working for the first few months until my friend encountered machanical problems with the car

He parked it up for a while in his street not knowing the tax was in need of renewal.

Eventually the car was clamped and because no action was taken by my friend it was later uplifted.

 

Some time passed and i had not heard anything regarding the old car and nobody was chasing me for payments or fines etc.

Now again, stupidly, i though that this was a good thing and that my luck was in so i turned a blind eye and forgot about it.

 

Recently, after being a member of "Experian" for about a year, a new credit file appeared on my report all of a sudden for guess what.... yes, the old car !!!

Now by this time i had a better understanding of credit and the importance of it after some minor lessons learned after student loans

and overdrafts etc so i was really worried about what may follow.

 

now, before i start to pay my debt for the old car, i would like to know if i should be paying for something which i dont actually have?

(I know, this is my own fault).

 

Now i dont actually know what has happened to the old car, my friend presumed it had been destroyed by the DVLA since it was'nt re-claimed after it was towed away.

 

I am at a loss just now, i am so confused and dont know who to contact.

the ideal situation for me would be to get the car back if it still existed and start re-paying my debt

though i dont think it will be as straight forward as this.

 

The worst case scenario would be to start re-paying the debt and being told that the car had been destroyed and that nothing could be done about it.

 

I dont have anything from the DVLA to say the car was destroyed, though i also dont have anything from the DVLA to say they have my old car in a compound awaiting collection.

 

Like i said at the start, this is a strange one, which was brought on by my own stupid actions.

 

Trust me, i have learned my lesson!

 

 

All i want is to be pointed in the right direction as i doubt anybody else has experience anything like this.

 

Any help is appreciated, thank you if you took the time to read my problem.

 

Regards,

 

Thomas

[dx100uk]

nothing to do with the DVLA

 

it is nothing to do with the car - it was a personal loan not HP

 

a 'loan' or file should not suddetly [re] appear on your CRA file

 

ho's company name is it against

 

i'e who is the OC [owner[ of the debt?

 

dx

[TDOC08]

nothing to do with the DVLA

 

it is nothing to do with the car - it was a personal loan not HP

 

a 'loan' or file should not suddetly [re] appear on your CRA file

 

ho's company name is it against

 

i'e who is the OC [owner[ of the debt?

 

dx

 

Hi there, thanks for the reply.

 

The debt will be in my name.

 

Is there anyway to find out where the car is or what has been done with it?

 

Thanks

 

Thomas

[Tony P]

http://www.direct.gov.uk/en/Motoring/OwningAVehicle/AdviceOnKeepingYourVehicle/DG_4022067

 

Half way down the page.

[maroondevo52]

Hi Thomas,

 

What is the name of the company who gave you the loan ?

What is the name of the company who has added the loan to your credit file ?

[dx100uk]

and as i said

forget the car

 

it as a personal loan, even if the car is around it makes no odds.

 

dx