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Can I Get a Black Horse Finance Payment Holiday? 2022

black-horse finance payment holiday

For free and impartial money advice and guidance, visit MoneyHelper, to help you make the most of your money.

Black Horse is a finance company providing financing agreements to people who want to purchase a new or used car, motorbike or caravan. 

Many Black Horse customers run into a spot of financial difficulty during their financing agreement, leaving them wondering if they can take a Black Horse Finance payment holiday? This MoneyNerd guide will answer this and related questions. 

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Can I get a car finance payment holiday?

There’s no definitive answer on whether you can or can’t get a car finance payment holiday. It all depends on your situation and the car financing company you have signed an agreement with. 

A car finance payment holiday is when you don’t have to make your repayments for so many weeks or months, as determined by the terms of the payment holiday. Sometimes interest may still be charged during the payment holiday. Most car financing companies do allow some type of payment holiday in specific situations.

But, does Black Horse Finance offer a payment holiday? 

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Can I get a Black Horse Finance payment holiday?

Black Horse might grant you a payment holiday if you’re struggling to meet the payment arrangement temporarily. For example, if you are switching jobs and there is a period where your household income has been significantly reduced. 

To find out the different ways Black Horse can support customers with money worries, you should log in to your Black Horse account online. From here, go to the Help Centre and click on the “Money Worries” tab. 

You’ll then be confronted with a series of questions. Answer these truthfully to help Black Horse determine the ways they can help you.

What happens if you miss a payment with Black Horse?

If you miss a payment to Black Horse Finance, they will charge you late fees. These fees are explained in a letter they will send and can also be found in your vehicle financing agreement. 

Within the letter sent by Black Horse, they will explain your options and encourage communication if you’re having financial problems. 

Can I change my Black Horse payment date?

You can change your Black Horse Finance payment date. To do this, you need to log into your online customer account and select “change payment date” from the menu. Follow the instructions to change the date your payment is taken.

This may stop you from needing a Black Horse car finance payment holiday!

Can I give my car back to Black Horse?

You can voluntary terminate a Black Horse finance agreement by returning the vehicle. However, you can only do this once you’ve paid at least 50% of the total credit agreement’s value, which includes capital, interest and other fees. 

Learn about your car finance rights with MoneyNerd!

Head to our debt info page to learn more about car financing agreement rights and other ways to solve financial insecurity. We’re here to support UK residents at every bump along the road!

Are you struggling with debt?

Affordable repayments

Reduce pressure from people you owe

Stop interest and charges from soaring

Get started

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Are you struggling with debt?
Are you struggling with debt?
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  • Reduce pressure from people you owe money to
  • Stop interest and charges from soaring
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