Just a quick question (hopefully) in relation to my previous question...
For a car loan where the last payment (and contact regarding payment) was 8 years ago, if I contact the loan company to return the vehicle and they say the account is with a debt collector (?) then if I hand the car back, does this count as a payment and does the clock reset?
I don't want to go into details as it is a long a boring story, but I thought everything was settled 8 years ago, I come to sell the car and see they have registered outstanding finance with HPI. I'm not bothered about the money in selling the car, I just want rid of the car, but the amount (I guess with interest and misc. charges over the years they have made up) the amount on HPI is quite sizable.
I don't want to give the car back if I am then liable for this random amount they claim against me, but if I can hand the car back and claim this debt is statute barred, then I will follow that route. They havent communicated this debt or charges, this is the first I am hearing of it!
Many thanks for your help.