A freind bought me a car last year because my old one was unreliable and I am feildbased in my job. The car was purchased by my freind through motorpoint and he has the receipts etc. I had to register it in my name to get it insured. I am responsible for insurance/ car tax etc but my freind still has ownership. If I were made BR he is concerned the OR will take it because it is worth £9000. How do we stand with this. Any help appreciated.
Yes he has the invoice plus receipt confirming he purchased the car. How far back would the OR go with bank accounts I have a paperless account and wondered how the OR would handle this. I am in a 2 yr IVA still and are trying to avoid BR but my payments have shot up to the point I feel BR may be best option. I am with DFD. and pay £607 a month whilst at the start my payments were £300.