Please help!

You need to sort this ASAP as am I right in thinking if the original owner contacts the police to report a theft, the police could then seize the stolen item ie:the pony and return it to its rightful owner? So the friends who "bought" the pony off you would be out of pocket and ponyless! Would cause a lot of bad feeling. Just borrow the money or get a part time job and pay this debt as soon as you can!
 
All these people saying "Borrow it off friends or family" If only! I wish I had friends or family that could afford to just lend me £300 odd quid when I got in a sticky situation lol
1. Well done for admitting your mistake.
2. You should have taken up the weight and worming issues with her there and then and there are load more should of could of shouldnt of that we could go into but you know yourself and you know your mistakes
3. I would call her bluff and let her take you to court

Whats done is done you cant go back. push the money up to £50 a month, say "look this is what your getting, let me know now if you want it as if not I shall wait to hear from your solicitor and warn her that if it does go to court she will end up getting even less as on paper you cant afford £10 a week."
 
basilbrush2009 said:
All these people saying "Borrow it off friends or family" If only! I wish I had friends or family that could afford to just lend me £300 odd quid when I got in a sticky situation lol
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Fair comment - but it's not a lot of money, in the bigger scheme of things.

3. I would call her bluff and let her take you to court
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And risk a police record for theft?
 
if you bought a car on HP and sold it before finishing the finance agreement - would it be classed as theft? No - It would just be a case of finance having to be paid off, albeit possibly throguh a debt collection agency.

Why is this any different?

From what i can tell the horse wasnt on loan as payments had been made and an payment arrangement set up?

Some one may wish to correct me though!
 
I'm not convinced this is theft but even if it was, it seems unlikely that a theft case would go anywhere over such a small sum. A report would need to be made to the Police and a decision made by the Police / CPS to charge you, take it to court etc.

This is more likely to be a civil matter for monies owed. Did the agreement sepcify what would happen if you stopped paying (was there a right for the seller to take the pony back)? It probably doesn't change the outcome here - you have sold the pony and still owe the money. Hopefully the seller would not be able to take the pony back from the person you have sold him to if they are an innocent third party in this.

OP - suggest you try to find a way of paying this money (overdraft, cash withdrawal from credit card, borrow from a family member ... ect) and this problem will go away. Alternatively, if you are taken to court then they would only order you to pay what you can afford but a county court judgement against you for monies owed could create difficulty getting credit in the future.
 
If you have no other option go to your employer and ask them if you can set up an arrangement with them whereby they advance you the sum and take it back out of your wages at, say, £20 per week.
 
I think the suggestion to talk to the CAB is a good one, they are very experienced at helping people with financial problems, of which there are many at present.

In all this is a pony who is setled in a new home and I am sure OP does not want this to go wrong. She has paid off most of what was owed for the pony, and owned about 2/3rds of the pony, so do not see how it could be theft.

Please do talk to CAB, I think if you continue to pay the amount you can afford, the person you owe money to will not have much of a case, it would be different if you did not continue to pay her. Don't let her bully you with 'friends on the force', you could get her and her friends into a lot of trouble if this did happen.

Well done for facing up to your problem, too many people are just walking away from what they owe and leaving others out of pocket.
 
basilbrush2009 said:
All these people saying "Borrow it off friends or family" If only! I wish I had friends or family that could afford to just lend me £300 odd quid when I got in a sticky situation lol
1. Well done for admitting your mistake.
2. You should have taken up the weight and worming issues with her there and then and there are load more should of could of shouldnt of that we could go into but you know yourself and you know your mistakes
3. I would call her bluff and let her take you to court

Whats done is done you cant go back. push the money up to £50 a month, say "look this is what your getting, let me know now if you want it as if not I shall wait to hear from your solicitor and warn her that if it does go to court she will end up getting even less as on paper you cant afford £10 a week."
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I do agree - well done for being so open at your dillema but Jusus Chris - who on earth would buy a pony in installments in the first place!!! There is no sense left in this world

so best advice is cut any sob story about wormy horse poor horse evil owner blah blah blah. and either try and get the horse back for 200 quid and give her it back OR get all your spare stuff on ebay ASAP and get as much cash as you can - even if its 80 quid - give it to the old owner asap and then put up an advery in the post office for dog walking and ironing and gardening and get some extra money.

Sadly no excuses - you have done a really silly thing - the second you lost your job he should gone back or gone to the sales - forget this 'oh I am so noble I wouldnt do that to the horse' well you blinking well sold an horse still owned my an human being !!!! Nuts !!!

and I am with Amyway - 300 is nothing in the long run and if it is a lot of money to someone - fair dos but then you really shouldnt be owning a horse
 
jemima*askin said:
If you have no other option go to your employer and ask them if you can set up an arrangement with them whereby they advance you the sum and take it back out of your wages at, say, £20 per week.
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That's a very good idea, OP.
£285 is not a large sum of money, I'm not being funny, but excess on vets fees insurance can be about that...
 
I have a 'friend' that is being taken to court over theft despite paying some of the value of the items back, theft is still theft even if you pay back the money and the police have taken a very dim view of the whole thing and wont even give a caution

I'd get looking for the money PDQ before the old owner has time to check their rights in full

Its not hard to get hold of £300 I'm sorry it really isnt.
 
So, you loaned a horse with view to buy that you couldnt afford, you sold on without a passport and havent finished paying for the horse despite it still being owned by the previous owners.....stunned!

efecticely, no matter what excuse, you took on a horse you couldnt afford to purchase and sold it whilst on loan. That, in the eyes of the law is theft. You have to pay the money back, and unfortunately the owner has every right to drag you through the courts. However, its going to cost them to do so and just because they might get a judgement against you, doesnt mean you can pay...but if you fail to pay you might end up with a CCJ. Sell whatever isnt bolted down and pay back. You are in the wrong no matter how mych you exucse your behaviour. The horse wasnt your's to sell and the current owner doesnt own the horse either. So, effectively, the person who loaned you the horse could turn up at your friends yard and take their horse back...
 
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