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Hi All
I am really hoping for some constructive advice as I have been sat for the last 4 days not eating properly, no sleep, worrying, crying and it's making me so ill.
I stupidly took out a logbook loan, but then the circumstance got worse and I couldn't meet a couple of replayments, so they added some charges. I kept agreeing amounts with the company, and then when it came to the date they were going to take it, it had increased again, so a couple of my payments defaulted. Things got even worse and I had to sell the car, last August, to a garage, to raise some money. The finance company was told this had happened, but I, at the time, thought there is only 2 payments left I can manage that then we are all square. WRONG!
Then in February, the amount was £375 that I owed them, so I told them that partner was about to start a new job, gets paid on x date and could I split the £375 over a few months.
Then I had an email from them saying my vehicle is in danger out for repossession (even though I don't own it, and I definitely don't want the car being taken off people that are innocent)
Last Friday I had 2 bailiffs turn up at my door, did a check on the vehicle as I said it wasn't mine and told them what I had offered to the finance company as a monthly installment, they then said the amount was now not £375, but £1200 - IN 2 MONTHS! and that they want this amount, in full, on 30th April, or they will find who has the car and repossess it.
The original logbook loan was for £400 for a 2003 plate Astra, so it's not worth a huge amount anyway.
I have, this morning, sent another email to the finance company, saying I cannot afford this is one amount, but have offered £120 a month, but could they please explain why it has gone up so drastically in amount, but I have yet to hear back from them.
Is there ANYTHING, please I can do?
I have spoken to CAB who werent really very helpful.
The garage I sold the car to, knew there was a small amount of finance outstanding, but it would appear after speaking to people, he is dodgy, and reknowned for buying and selling cars with finance and not passing the information on to the new buyers.
Is the car really going to get taken from innocent people? Even though I am offering to pay literally as much as I can afford to them? I am so worried as the bailiff said the new owners would have my address and basically insinuated that they would likely come round and bash me!
Help :-(
I am really hoping for some constructive advice as I have been sat for the last 4 days not eating properly, no sleep, worrying, crying and it's making me so ill.
I stupidly took out a logbook loan, but then the circumstance got worse and I couldn't meet a couple of replayments, so they added some charges. I kept agreeing amounts with the company, and then when it came to the date they were going to take it, it had increased again, so a couple of my payments defaulted. Things got even worse and I had to sell the car, last August, to a garage, to raise some money. The finance company was told this had happened, but I, at the time, thought there is only 2 payments left I can manage that then we are all square. WRONG!
Then in February, the amount was £375 that I owed them, so I told them that partner was about to start a new job, gets paid on x date and could I split the £375 over a few months.
Then I had an email from them saying my vehicle is in danger out for repossession (even though I don't own it, and I definitely don't want the car being taken off people that are innocent)
Last Friday I had 2 bailiffs turn up at my door, did a check on the vehicle as I said it wasn't mine and told them what I had offered to the finance company as a monthly installment, they then said the amount was now not £375, but £1200 - IN 2 MONTHS! and that they want this amount, in full, on 30th April, or they will find who has the car and repossess it.
The original logbook loan was for £400 for a 2003 plate Astra, so it's not worth a huge amount anyway.
I have, this morning, sent another email to the finance company, saying I cannot afford this is one amount, but have offered £120 a month, but could they please explain why it has gone up so drastically in amount, but I have yet to hear back from them.
Is there ANYTHING, please I can do?
I have spoken to CAB who werent really very helpful.
The garage I sold the car to, knew there was a small amount of finance outstanding, but it would appear after speaking to people, he is dodgy, and reknowned for buying and selling cars with finance and not passing the information on to the new buyers.
Is the car really going to get taken from innocent people? Even though I am offering to pay literally as much as I can afford to them? I am so worried as the bailiff said the new owners would have my address and basically insinuated that they would likely come round and bash me!
Help :-(
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