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I dont't quite understand - was not the term of the loan just extended please?
No, When i first had difficulty paying i called him and he said to go into a shop, ( a pawn shop connected to him) and pay what i could this i did. whilst between my jobs this happened a couple of times and other times my family helped me to pay. At this point Chris the car loan man said not to worry as he could just add the balance to the end of the loan. they sent me a couple of letters after speaking with Chris telling me I was in default, I then spoke to Chris and agreed to go into the store and pay some My mother also asked him what a settlement figure would be at this point he said £4200.00. My mother asked him if I sold the car, as it is new, and paid off the settlement would this be ok, he said yes but they would need the buyer to pay them the outstanding. ( i gave him permission to speak with my mum). during this conversation even though we had agreed to payment plans over the telephone and text he added that i will receive a letter saying the contract had been terminated and just to ignore this. To carry on making payments. My mum again spoke with hin and verified the payments, of 376.00 per month 276.00 of which was interest and 100 coming off the bill he said this was correct. this was in April after which my mum paid in the shop by her visa debit card on the 4 April 376.00. Today he has text her telephone and demanded full contractual payment of 376.00 by close of business. I have told him as I did over the telephone last week I do not get paid until this evening s I work in the food industry and do not get my pay until my shift tonight I have said I will pay him tomorrow. I am worried as It all seems very strange and do not know what my rights are.
Is anything in writing about payment dates etc?
Just hand written receipts from the shop and a card machine receipt from my mums card payment. I have just carried out aa HPI check on the car and they have registered an interest as finance company under the Bill of Sale act
So all you want to do is change the payment date from today until tomorrow?
Do you have any finance agreement in writing? Loan document or anything?
they terminated the contractual agreement after a notice of default, so does that not make the original contract void ?
You had a default notice?
yes if you read up in the previous paragraph i wrote to you he sent me a default and followed that with a termination of the contract
Ok - but the extension was agreed verbally?
yes it was
no threats as of yet but he is just saying it needs to be payed today so i imagine if not payed today he will take the car off me ?
No Thats great thank you Alex I will take the money into the shop on Tuesday as they are closed until then due to bank holiday
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