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Posted: Wed Jun 18, 2008 10:15 pm
by pat.w
i have 2 houses that i want to rent out and 3 cars, also got property in spain, would they be taken if i went for iva.
i don't have a job work for cash in hand., how long before car hp company can take the cars back, i understand it is 3 missed payments and they can't if i paid over 1/3
Posted: Wed Jun 18, 2008 10:25 pm
by size5
Hello pat.w and a warm welcome to the forum.
Without a great deal more information, unfortunately I couldn't even begin to answer your questions, can you enlighten us a little?
Regards.
Posted: Wed Jun 18, 2008 10:33 pm
by connie
hi
they told us we had to miss 3 before they'd take the car, but i think it was more like 5/6 before they actually came and got it.
Posted: Wed Jun 18, 2008 10:36 pm
by plasticdaft
If you have 2 houses that you rent out and property in spain I would expect them to be seen as assets and used to pay off creditors.
Not sure about the cars coz its different here in scotland.
Posted: Wed Jun 18, 2008 10:49 pm
by jpj
I missed 3 payments then it took another 3 before they collected the car!...I had 2 cars for 3 months as i bought another as soon as i stopped paying the HP. wish i had carried on driving the car till they collected it now!
Posted: Wed Jun 18, 2008 10:57 pm
by MelanieGiles
Look within the terms of the finance agreements to see what the termination clauses say.