Car repo'd, debt passed around.

[Stan Dinorder]

Sorry to have to use a 'reply' thread but I couldn't see how to start a 'new' topic.

 

 

I have used the forums previously and have had great success.

 

 

My wife bought a new car on HP in 2007.

 

 

Unfortunately, we went through difficult times in 2008 and she defaulted with 'Black Horse'.

 

 

The car was repossessed. sold and my wife was issued with an invoice for £12k.

 

 

This was the 'defecit' that Black Horse say they lost.

 

 

My wife has paid every month towards this debt.

The debt has been sold on and sold on again.

 

 

On 30th December 2014, I checked our credit ratings and my wife's had dropped like a stone.

I was staggered to see a new company 'Idem Securities' who now say that she defaulted 'their' agreement

and they have placed a new default against her name.

 

The debt was defaulted in March 2009 and should one off (by my reckoning) in March 2015.

 

 

Idem will not respond to any mails or written communication.

 

 

The debt is 'defaulted' under the original HP agreement as well as by this new company.

What can we do please?

 

 

Stan

[Conniff]

I've moved you into the Debt subforums:- Vehicle Finance and Vehicle Repossessions section Stan. You'll get more help here but remember it is Bank Holiday so it might be a bit slow.

[Stan Dinorder]

Hi there,

 

I am writing to ask for help in relation to a car loan and HP agreement which my wife took out in 2007 with Black Horse. We were unable to keep the payments up in 2008 and the car was repossessed. The car was sold at auction and my wife was invoiced £12000 by Black Horse. The company invoiced my wife for £12000.

 

The HP agreement was 'defaulted' in March 2009. After which the debt was sold on to various debt agencies. Mackenzie Hall 'ran the debt and my wife repaid monthly.

 

I was staggered to see that my wife's credit rating dropped like a stone on 30th December 2014 by 'Idem Capital Securities' who have defaulted her again for £12000.

 

What are the laws and regulations regarding HP agreements please?

 

I would be grateful for your help.

 

Stan Dinorder.

[Conniff]

We are talking the same subject Stan so please keep to the one thread. Have merged both your threads into one.

[dx100uk]

get an sar off to Blackhorse

 

 

send idem a CCA request too.

are you SURE the defaulted date in the summary has been changed?

or

is it just an updated date?

 

 

sounds like BH did her over on the repo by the way

 

 

lots of unlawful fees I bet!!

 

 

have you been getting annual statements?

 

 

a debt passed around usually means its a lemon.

and she is now being cash cowed

 

 

dx

 

 

a

[theoldrouge]

give us full details of the repo please

 

how much had you paid etc

 

any insurances added on purchase?