Voluntary Termination

You have recently returned your vehicle to us. As you had not met your termination rights under the terms of the agreement and had not paid 50% of the balance which we are legally entitled to under the terms of the agreement we can legally charge you for the difference between what you have paid and 50% of the opening balance however having considered your personal circumstances we will not be charging you the outstanding liabilities and you do not owe anything further on the agreement.

The vehicle return will have an impact on your credit file.

• It will show on your credit file as a voluntary termination.
• If you were in arrears before your returned the car then your file will show this prior to the voluntary termination.
• If you had an arranged payment plan in place before the voluntary termination then the credit agency will show an arrangement marker prior to the termination.
• Future lenders will be able to see this information.

Please do not hesitate to contact us if you would like us to explain what the above means, or if you have any questions relating to the return of your vehicle.