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1st if direct debits were leaving your account then there would have been no reason for the bank to contact you advise they may repo the car.
Can the owner (finance house) repossess the goods?
The finance house can only repossess the goods under certain circumstances. If the consumer has not yet paid off one-third of the total hire purchase cost, the owner can repossess the goods at any time without taking legal action against the consumer.
However, if the consumer has paid one-third or more off the total hire purchase cost, the owner cannot repossess the goods without taking legal proceedings. Any deposit that is paid at the start of the agreement or the value of any trade-in for example, is taken into account in calculating one third of the cost.
If this "one-third" rule is breached by the owner, the consumer is entitled to end the agreement and can seek a refund of all payments made.
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