Hello LynnMac2011.

I'm not aware of any specific companies that might be best to approach. I remember someone else mentioning a name a few months ago... hopefully other members may remember or have their own suggestions to share...

Hi Lynnemac

I'm not aware of any specific companies, but would try and approach Blackhorse to see if they would roll over the finance into a new one.

Mark

Carloan4u accept people with a poor credit history but the interest rates are ridiculous! If you borrow £6k you pay £13k back! NO THANKS! 🙂

Friendly and helpful but watch the rates that are offered. They are willing to help TD's,IVA's,etc but you do pay more.

(link removed)

Thanks for sharing that information jp73.

We do ask that links aren't added to the forum. However if anyone wants to check out jp73's suggestion they'll be able to by Googling:

"Infinity Car Finance".

my car is also with black horse which i was told to stop paying when started trust deed as money owed would be part of it ,can you sell your car to get say a smaller or larger one while in trust deed i understand that if you made any profit in changing car that would go towards your trust deed just wondering if you tried to sell
it would the car come up that not finished paying it

Hi Pepper350

I would suggest that you check with your trustee that it is ok to sell your car.
If your car was purchased with an unsecured loan there should not be a HPI restriction registered against it and therefore you should not have a problem selling, but i would make sure with the trustee first.

hi tda, thankyou very much for that yes i will check with trustee if i did want to sell it thanks again

hi i checked with trustee and said i could sell car and anything over £3000.00 went to trust deed im a bit confused as i signed trust deed in november 2011 and i thought it was anything over 1000.00 was to be paid in to trust deed .thanks

Hi pepper350.

Assuming you mean November 2010, I think this was the month that a number of things changed.

What was the date you signed the trust deed?

Presumably if you've been told £3000 you'll be happy to accept that and proceed on this basis? Might be best to get an email or letter confirming that this is the case.

sorry meant to put november 2010,i know i would need to ask trustee but say you got 4000 would you be able to buy car for that amount and pay back what ever car would be over the 3000 at end of trust deed ,its just i have had a look around and to be able to get car i need as i have a disabled son it would be over the 3000 thankyou

As you say, it is one of those where you would need to ask your trustee. Normally I imagine that they would expect the excess funds to be paid to your trust deed straightaway, but as you have a disabled son then maybe they would make an exception...

thankyou kevin i find it really helps to run things by yourself and the other experts on here before contacting trustee keep up the good work

Hi, folks, quick update.

I spoke to Black Horse (my current car finance provider) about taking out a new agreement and was advised that the application would need to come through a dealership. However, adviser felt that as I was in a PTD that it would be unlikely that I would pass a credit check. Arnold Clark have already offered enough in part exchange to cover the early settlement figure for my car but Black Horse felt I would still fail credit check.

I tried the google search for the company suggested by jp73 but was declined by them without even speaking to anyone.

I think my only option now is to terminate the hire purchase agreement and try to save a little each month until I have enough for a second hand car. Not sure how my TD administrator would fell about this.

Any suggestions?

Thanks,

Lynn [:)]