Thread: credit acceptance/marlin

Hi is there anybody to help me out, my problem first started with marlin when i lost my car back in april 2002 after not being able to keep up the repayments due to loosing my job, i was then told it was sold at auction and heard nothing else until i got a letter in dec 2006 from BDR recovery asking for full payment of £7090 which they claimed was left outstanding i can't remember if that included ppi or not, this was on behalf of MCE...

You buy a car with a loan for £7k You make payments totalling about £3k That means you still owed a minimum of £4k You fail to keep up repayments so the vehicle is repossessed and sold at auction for about £3.5k That means you still owe £500 Add to that interest charges accrued, plus any other costs, and yes it could be possible that the amount you needed to pay to settle the loan was still £7k. It certainly wouldn't be £30....