Can I Get a Black Horse Finance Payment Holiday?

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Are you wondering if you can get a Black Horse Finance Payment Holiday?

You’ve come to the right place for answers. Each month, more than 170,000 people visit our website seeking advice on tricky debt issues.

Here’s what we’ll cover:

What a Black Horse Finance payment holiday is
How to get a car finance payment holiday
Legal aspects of a Black Horse payment holiday
What happens if you miss a payment with Black Horse
How to change your Black Horse payment date

While making car finance payments can be a big worry, it’s common to feel unsure about seeking help. In fact, Citizens Advice revealed that 60% of adults facing financial difficulties hesitate to seek assistance.¹

But you’re not alone; we’re here to help you determine how to handle your Black Horse Finance deal in a way that makes sense for you.

Advertisement. MoneyNerd introduces enquiries; we do not give debt advice or recommend solutions. The Debt Advice Service, a trading style of Pacific Financial Solutions Limited, offers free debt advice with no obligation. Complete the enquiry form to share your details and request a call.

Some debt solutions have fees and may negatively affect your credit rating. MoneyNerd may receive a fee if you go ahead with a debt solution through The Debt Advice Service. For free, impartial guidance and help finding free debt advice, visit MoneyHelper.

Can I get a payment holiday granted?

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 managing financial stress, 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. I recommend answering these truthfully to help Black Horse determine the ways they can help you.

Budget Advice

If you’re struggling with debt, there are certain actions that can help you lower your expenses and avoid the stress that comes with missed payments.

This table provides ten budgeting tips:

Budgeting Advice	How You Can Lower Your Expenses
Arrange a Debt Repayment Plan	To negotiate, contact your creditors via phone, email, or letter to explain your financial situation, and offer to pay an amount you can afford.
Save on Utility Bills	Compare energy providers to find a cheaper deal. Use energy-efficient appliances. Reduce water usage with low-flow fixtures.
Save on Groceries	Shop with a list to avoid impulse buys. Buy store brands instead of name brands. Look for sales and use coupons.
Cut Back on Non-Essentials	This includes dining out, entertainment, subscriptions, and luxury items. Look for free or low-cost entertainment options and cook meals at home.
Transportation Costs	If possible, use public transportation, carpool, or consider biking to work. If you own a car, maintain it regularly to avoid costly repairs.
Negotiate Bills	Contact service providers (like phone, internet, and cable) to negotiate a lower rate or switch to a cheaper plan.
Consolidate Debts	Compare the full cost and term before using new credit to repay debts. Fees or a longer term may increase the total paid, and securing debts on your home puts it at risk. Seek free debt advice if payments are already unaffordable.
Sell a Financed Car	If the finance company owns the vehicle under hire purchase or PCP, you cannot sell it without its permission or first settling the finance. Ask for a settlement figure and advice on your options.
Use Cash Instead of Credit	To avoid accumulating more debt, use cash or a debit card for your purchases.
Seek Professional Advice	If you’re struggling, consider contacting a debt advice service like StepChange or National Debtline. They offer free, confidential advice.

Legal Aspects of a Black Horse Payment Holiday

A payment holiday might sound exactly what you need, and for many people, it can be very useful.

However, a payment holiday can affect your credit score and how lenders perceive you in the future.

It’s also worth checking your terms and conditions or any legal considerations to see the consequences of a payment holiday with Black Horse.

How the introduction works

The Debt Advice Service can discuss your circumstances and explain available options, including their benefits, costs and risks.

Options depend on your circumstances. You decide whether to proceed.

Continue to the enquiry form

What happens if you miss a payment?

If you miss a payment to Black Horse Finance, they will charge you late payment 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.

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Debt advice: Continue to the debt enquiry form

Advertisement. MoneyNerd is a commercial introducer, not a debt adviser. The Debt Advice Service, a trading style of Pacific Financial Solutions Limited, offers free debt advice with no obligation. If you request an introduction, your details are shared with them so they can contact you.

Some debt solutions have fees and may negatively affect your credit rating. MoneyNerd may receive a fee if you proceed with a debt solution through The Debt Advice Service. MoneyHelper offers free, impartial money guidance and help finding free debt advice.

Can I change my 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!

About The Debt Advice Service

Use the enquiry form to request a call about your circumstances and available options. You decide whether to proceed.

Continue to the enquiry form

Can I give my car back to them?

You can voluntarily 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.

Check Black Horse’s vehicle return policy for the terms and conditions.

Black Horse Finance Contact Details

Website:	https://www.blackhorse.co.uk/
Phone number:	0344 824 8888
Hours of operation:	Monday to Friday 8:30am – 6:00pm Saturday: 9:00am – 1:00pm
Contact by mail:	Black Horse Finance Customer Services St William House, Cardiff, CF10 5BH