Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I've just been asked by a good friend of mine, if he can return his car to WCF *WITHIN 24 HOURS* of signing the agreement and accepting delivery of the car.
Several reasons and factors he went into why he wants to return it, but those I wont post here.
As I say it is quite urgent, so any replies would be appreicated.
-------------------------------------------------------- Under no circumstances should you speak with a Debt Collections Agency via telephone, request that all future correspondence is done in writing, a letter template for this can be located here.
Any views expressed are solely that of my own, any advice or information offered is provided in genuine good faith, and should be checked prior to acting upon.
If my post helped you in anyway, please click on the scales to the left.
I went over to the WCF "Showroom" with him, he got it all sorted, manager refused to accept the vehicle back, as no cooling off period was available on a HP agreement.
Upon myself asking the manager on my friends behalf if credit agreement had been duly executed and filed with the underwriter, the manager very sheepishly stated it had not as yet, I then mentioned Section 57 CCA 1974. The manager accepted the vehicle back and cancelled the agreement.
Now what he does for a car is another matter, but I have told him to avoid these types of places in the past... no doubt it will happen all over again...
Thanks
- Hobbie
-------------------------------------------------------- Under no circumstances should you speak with a Debt Collections Agency via telephone, request that all future correspondence is done in writing, a letter template for this can be located here.
Any views expressed are solely that of my own, any advice or information offered is provided in genuine good faith, and should be checked prior to acting upon.
If my post helped you in anyway, please click on the scales to the left.
the common tactic these companies use is
you signed a non canceble agreement as it was done in the show room
my advice would be to never use these sub prime car outfits.
you get stung on the finance let alone the worthless insurance you dont need.
you will end up in a heap of trouble
Personally, I'd never use a sub-prime lender, i'd prefer to go without or save up.
But for anyone else in a situation with WCF where you wish to cancel, you have 72 hours to cancel the agreement, even though it has no 'Cooling Off'.
The local "Showroom" hold on to credit agreement until the end of the week (Sunday) before sending them off in one batch on the Monday to the underwriters located in HULL. You have a right under Section 57 Consumer Credit Act 1974 to Withdraw from the proposed agreement, as the agreement has yet to reach the underwriters the agreement is still only proposed and the HP is not registered against the vehicle.
To sum up the above, if the credit agreement has not been executed, then you can invoke S.57 CCA 1974, which enables you to withdraw and return the vehicle to them. No Ifs, No Buts, simply any deposit paid refunded, and the credit agreement cancelled.
Thanks
- Hobbie
-------------------------------------------------------- Under no circumstances should you speak with a Debt Collections Agency via telephone, request that all future correspondence is done in writing, a letter template for this can be located here.
Any views expressed are solely that of my own, any advice or information offered is provided in genuine good faith, and should be checked prior to acting upon.
If my post helped you in anyway, please click on the scales to the left.
URGENT - Welcome Car Finance
Reply With Quote
Originally Posted by postggj
