Thread: hounded for my car being stolen

hello every one . i am wondering if there is any help to be had to solve a financial dilemna.... the story is that i bought a a car from approved car finance (stupid i know) in oct 2004. the car was stolen in aug 2005. luckily or so i thought i had all the neccessary insurance to cope with this unfortunate event i was told at the time of purchase it was it was to cover every eventuality. anyway a within a couple of months my insurer made a payment to the creditor and the gap also contributed , so i believed there my story would end. but i think it was in april 2006 a payment went out of my bank for £326 to the finance company i only noticed when my debit card was refused in morrisons. i phoned the finance co to ask what they were playing at and was told i owed them £7000 more than the original purchase price after a heated exchange with an obnoxios individual i told them to get this sorted out . then nothing for over a year until now where they are going to pursue me through court , i sought advice from the CAB who told me to try and negotiate with them. now they are phoning all the time i spoke to them yesterday to discuss any options i could take and what the CAB had said would happen and told them my circumstances had changed a lot over the last two years and i could not afford this isaid i would need to work it out. the reply was i dont like youre attitude lets go to court then they have phoned twice already this morning and will again soon what do i do?

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hi yasmin. my problem is with the funding corporation, they just seem to be trying to bully me, if that constitutes bullying

Hello and welcome to CAG. Where did the other £7000 come from?. .

I would ask them for the original documents, if you don't have them.

I will get your thread moved to the finance companies name, you will get more replies and a lot of help there.

uk

thank you ukaviator, i am new to this and i feel a bit out of my depth. apparently the £7000 they are asking for is the remainder of the balance for PPI, and this is going to rise to £9000+

I think you need to ask for a full CCA request from them to see what is in the small print. There is a good amount of information here:

http://www.consumeractiongroup.co.uk...agreement.html

PPI may have been mis sold, especially if you have a medical condition which is not covered under the policy, or you were told that the loan would'nt be offered without the PPI being taken out at that time.

That is a huge amount of money to pay for PPI. Have a good read at the link below about PPI.

http://www.consumeractiongroup.co.uk/forum/ppi/

UK

thank you ukaviator ,i will start there in between the phone calls. i will let you know what i find

I think the advice to do a CCA erquest is good, keep us posted, I can't believe that you owe this amount in the circumstances.

i have just asked for a cca and a Breakdown of how they have come to this figure. and they keep phoning so i am in the process of writing a letter to ask them to stop and to only write letters to me ,,is this right?.