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Car Debt

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  • 10-03-2016 5:32pm
    #1
    glynandpam
    Registered Users Posts: 35 ✭


    I was involved in a crash 6 years ago next month. The car we had was on finance. the insurance covered 2/3 cost of the car. we have not been in a position to pay the remaining €6.000 back. We have explained the car was a write off as they have asked for the keys and the car back. How long can they pursue us. I am on disability partly due to the crash.
    many thanks :(


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    #2
    JoeySully
    Registered Users Posts: 1,276 ✭✭✭JoeySully


    where is the car now ? was it really written off or sold on
    what is the registration number ?


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    #3
    glynandpam
    Registered Users Posts: 35 ✭glynandpam


    the car was written off as I had to be cut out of it. it went for scrap I never seen it after the crash they had to cut the driver side post between drivers door a behind drivers door to get me out


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    #4
    Car99
    Registered Users Posts: 2,530 ✭✭✭Car99


    Until you declare bankruptsy I presume.


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    #5
    cruizer101
    Registered Users Posts: 3,205 ✭✭✭cruizer101


    Why wouldn't you pay back what you owe?

    If you can afford sky you can afford to pay back a debt

    http://www.boards.ie/vbulletin/showpost.php?p=86218546&postcount=812
    glynandpam wrote: »
    I just got my next bill knocked down to €25 and then the next 9 months for €75
    I have full package inc sports movies HD and multiroom so a saving of over €270 in 9 months I'm happy with that


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    #6
    glynandpam
    Registered Users Posts: 35 ✭glynandpam


    cruizer101 wrote: »
    Why wouldn't you pay back what you owe?

    If you can afford sky you can afford to pay back a debt

    http://www.boards.ie/vbulletin/showpost.php?p=86218546&postcount=812



    Dates (26-08-2013, 23:07)

    I have not had sky in over a year Thanks for your concern though!!!!!


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    #7
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    glynandpam wrote: »
    I was involved in a crash 6 years ago next month. The car we had was on finance. the insurance covered 2/3 cost of the car. we have not been in a position to pay the remaining €6.000 back. We have explained the car was a write off as they have asked for the keys and the car back. How long can they pursue us. I am on disability partly due to the crash.
    many thanks :(

    Who scrapped the car, did you get any kind of documentation, certificate of destruction etc?

    What did the insurance company say when you told them the car had been scrapped.


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    #8
    dollyk
    Registered Users Posts: 602 ✭✭✭dollyk


    https://www.payplan.com/2012/03/20/how-long-can-my-creditors-chase-me/


    I know that my friend had something similar and after nearly 6
    years a debt collector left her a note.
    She rang and explained her case, and because she started up
    communications, The 6 years started all over again.


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    #9
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    dollyk wrote: »
    https://www.payplan.com/2012/03/20/how-long-can-my-creditors-chase-me/

    That's a UK site covering UK legislation.


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    #10
    Atlantic Dawn
    Registered Users Posts: 82,821 ✭✭✭✭Atlantic Dawn
    M


    Was there a balloon payment at the end missed or did you miss out on numerous monthly finance amounts?


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    #11
    slimjimmc
    Registered Users Posts: 7,786 ✭✭✭slimjimmc


    Graham wrote: »
    That's a UK site covering UK legislation.
    Irish law contains the same rules as English law regarding the statute of limitations of debts.


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    #12
    davo10
    Closed Accounts Posts: 6,926 ✭✭✭davo10


    slimjimmc wrote: »
    Irish law contains the same rules as English law regarding the statute of limitations of debts.

    The time limitation stature resets from the date of the most recent correspondence between the parties.


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    #13
    slimjimmc
    Registered Users Posts: 7,786 ✭✭✭slimjimmc


    davo10 wrote: »
    The time limitation stature resets from the date of the most recent correspondence between the parties.
    Yes, this is the case in both Irish and English law.
    https://www.citizensadvice.org.uk/debt-and-money/help-with-debt/how-to-dispute-a-credit-debt/time-limits-for-recovering-debt-in-court/

    OP so long as you don't acknowledge the debt the creditor has limited options. They have up to 6 years from your last communication to take you to court and get a judgement. After that time they are barred from taking you to court so long as you continue to not acknowledge the debt. They can continue to ask you to repay the debt and if at anytime you do communicate with them then the barring ends (the cycle restarts) and they have another 6 years to take you to court.


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    #14
    Cabaal
    Moderators, Technology & Internet Moderators, Regional South East Moderators Posts: 28,497 Mod ✭✭✭✭Cabaal


    Op has told the debt collectors that they don't have the car etc so the 6 years has already reset


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    #15
    garhjw
    Closed Accounts Posts: 1,424 ✭✭✭garhjw


    Chow was the insurance payout €6k less than the outstanding loan amount?


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    #16
    sadie1502
    Registered Users Posts: 666 ✭✭✭sadie1502


    cruizer101 wrote: »
    Why wouldn't you pay back what you owe?

    If you can afford sky you can afford to pay back a debt

    http://www.boards.ie/vbulletin/showpost.php?p=86218546&postcount=812

    Wow. So helpful.


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    #17
    Fred Swanson
    Closed Accounts Posts: 21,730 ✭✭✭✭Fred Swanson


    This post has been deleted.


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    #18
    colm_mcm
    Registered Users Posts: 73,459 ✭✭✭✭colm_mcm


    garhjw wrote: »
    Chow was the insurance payout €6k less than the outstanding loan amount?

    Loan outstanding can easily be more than market value, especially if you're not long into the agreement.


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    #19
    cruizer101
    Registered Users Posts: 3,205 ✭✭✭cruizer101


    sadie1502 wrote: »
    Wow. So helpful.

    The OP said they have not been a position to pay back the 6000, the fact is if they have been paying for a tv subscription service they have disposable income which could have gone towards paying back the debt.
    It may not be helpful, it may not be nice, but it is a simple fact and when that debt does not get paid by the person who owes it someone else ends up paying for it.


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    #20
    purpleisafruit
    Registered Users Posts: 508 ✭✭✭purpleisafruit


    cruizer101 wrote: »
    The OP said they have not been a position to pay back the 6000, the fact is if they have been paying for a tv subscription service they have disposable income which could have gone towards paying back the debt.
    It may not be helpful, it may not be nice, but it is a simple fact and when that debt does not get paid by the person who owes it someone else ends up paying for it.
    Ignoring the fact that the OP responded stating that they haven't had Sky in over a year? Pulling up a comment from 2013 is really helpful.


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    #21
    L1011
    Registered Users Posts: 69,035 ✭✭✭✭L1011


    purpleisafruit wrote: »
    Ignoring the fact that the OP responded stating that they haven't had Sky in over a year? Pulling up a comment from 2013 is really helpful.

    It was during the 6 years, though.


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    #22
    lawred2
    Registered Users Posts: 24,401 ✭✭✭✭lawred2


    cruizer101 wrote: »
    Why wouldn't you pay back what you owe?

    If you can afford sky you can afford to pay back a debt

    http://www.boards.ie/vbulletin/showpost.php?p=86218546&postcount=812

    Did you really go search through that lad's post history for that?

    Miserable and shameful in equal doses


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    #23
    lawred2
    Registered Users Posts: 24,401 ✭✭✭✭lawred2


    Firstly; hope there were no long term health related consequences of the accident.. Having to be cut out is no joke.

    Secondly 6 years is a long time - you must have had correspondence in the meanwhile? Did you engage with the lender? Seek to have the debt frozen and enter into a fixed repayment plan that would take into account your circumstances?

    However, had the car not been wrecked, would you have been in a position to satisfy the original finance agreement? Why did the car crash impact your ability to repay?


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    #24
    sadie1502
    Registered Users Posts: 666 ✭✭✭sadie1502


    cruizer101 wrote: »
    The OP said they have not been a position to pay back the 6000, the fact is if they have been paying for a tv subscription service they have disposable income which could have gone towards paying back the debt.
    It may not be helpful, it may not be nice, but it is a simple fact and when that debt does not get paid by the person who owes it someone else ends up paying for it.

    Yes but that was three years ago they posted about Sky. What did you do trawl through all their posts just to catch them out. Intentionally trying to catch them out. So to me that's not helpful. The post is three years old.


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    #25
    sandra06
    Registered Users Posts: 305 ✭✭sandra06


    glynandpam wrote: »
    I was involved in a crash 6 years ago next month. The car we had was on finance. the insurance covered 2/3 cost of the car. we have not been in a position to pay the remaining €6.000 back. We have explained the car was a write off as they have asked for the keys and the car back. How long can they pursue us. I am on disability partly due to the crash.
    many thanks :(
    had a similar prob yrs ago in england ,car was stolen for parts, was on finance insurance paid market value for car about six grand in difference had to pay the six back nearly killed me paying for a car i didt have anymore but i did get the apr back the finance front loaded the apr on loan ,if ur in contact offer to pay small amount back weekly they will normally send you out a a form thats looks at your bills etc and your incomings and base the repayment on that ,,as for the keys etc when it happened to me the car was scraped and the insurance sent the money to the fiance comp ,,best of luck horrible situtation to be in but easily sorted


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    #26
    cml387
    Registered Users Posts: 8,446 ✭✭✭cml387


    I just wonder at the larger story here.

    Many cars are bought on PCP plans these days, and part of the deal is the value of the car at the end of the contract.
    This is an assumed value based usually on a maximum allowed mileage but, suppose the car was in an accident and repaired.

    Is the assumed value of the car affected by the accident repair, and leave the owner liable to compensate the difference?


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