Thread: has anyone claimed back PPI from YCC

I bought a car from YCC in jan 2004. I couldnt meet the payments so gave the car back 12 months later. I am now paying off the huge debt left from it to Go Debt £35 per week. Which i cant afford. I have a copy off my contract with them which said i took out nearly £2000 in PPI. I remember being told that i have to have the PPI or i would not get finance. So being desperate i signed the form.
Has anyone managed to claim the PPI back from YCC, or am i wasting my time.



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hi koolkidtz

i might be able to end this for you now

if you have the agreement to hand, check the following

any deposit paid by you, was it used to pay for some of the PPI, insurances etc and not for the car.

ycc are well known for this and a perfect defence as it is unlawful

Hello koolkidz,

I see Go Debt are a debt collection agency.

PO BOX 371
Cardiff
South Glamorgan
Cardiff
CF10 3WN

It would appear that Yes Car Credit (who are really hot on pressurised selling believe me from experience) have sold on the debt to a DCA namely Go Debt.

You can still stick here to reclaim Mis-sold PPI but have a look at this forum for the DCA issue.....

Debt Collection Industry

This may help fight of the DCA issue.

More advice will surely follow

aa

ime still amazed DCA try to collect on ycc agreements
totally agree john atkinson

John,

It is imperative that no monies should be paid to Go Debt. This business is run illegally - outside of the rules set by DCA regulations and trying to obtain monies by deception as Yes Car Credit finance agreements are no longer enforceable.

Can you please explain how they are no longer enforceable and which element of your link refers to this please.

aa

ill try to explain my reasoning on this

a lot of these micky mouse car finance agreements fail well below what is expected of the consumer credit act.

first thing is when you buy an item, say a car on finance, you pay a deposit. that deposit gets deducted from the price of the car leaving a total ammount payable,

if that deposit is used to pay for insurances,PPI, etc. it is not being used for the purpose for which it was intended. that way the finance company can screw you at the max ammount of interest on the full value of the car, extending the time to pay it off.

the next trick they use is the aceptance fee.
say the acceptance fee is £100
they then add that to the total ammount of credit,
therefore you are paying interest on the acceptance fee which was not part of the original credit ammount

this has been delt with in the high court

WILSON V FIRST COUNTY TRUST

i have used these arguments myself in court

ime sure someone like surfacegent would like to comment on this

Originally Posted by alanalana

John,



Can you please explain how they are no longer enforceable and which element of your link refers to this please.

aa

There are a number of flaws within many early YCC finance agreements. Where PPI was sold to a customer the Breakdown of this within the contract was written wrongly. It was only post 2005 where new contracts were drawn up that were correct.

YCC will not challenge any of these cases within a court environment as without doubt they will lose. In 100% of cases that has reached a court date YCC have settled out on condition of the consumer signing a confidentially agreement. The finance contract was then void and outstanding debt written off.

John A

Hello all,

from postggj,

ill try to explain my reasoning on this

a lot of these micky mouse car finance agreements fail well below what is expected of the consumer credit act.

first thing is when you buy an item, say a car on finance, you pay a deposit. that deposit gets deducted from the price of the car leaving a total ammount payable,

if that deposit is used to pay for insurances,PPI, etc. it is not being used for the purpose for which it was intended. that way the finance company can screw you at the max ammount of interest on the full value of the car, extending the time to pay it off.

the next trick they use is the aceptance fee.
say the acceptance fee is £100
they then add that to the total ammount of credit,
therefore you are paying interest on the acceptance fee which was not part of the original credit ammount

this has been delt with in the high court

WILSON V FIRST COUNTY TRUST

i have used these arguments myself in court

ime sure someone like surfacegent would like to comment on this

From John A

There are a number of flaws within many early YCC finance agreements. Where PPI was sold to a customer the Breakdown of this within the contract was written wrongly. It was only post 2005 where new contracts were drawn up that were correct.

YCC will not challenge any of these cases within a court environment as without doubt they will lose. In 100% of cases that has reached a court date YCC have settled out on condition of the consumer signing a confidentially agreement. The finance contract was then void and outstanding debt written off.

John A

I hand over to your greater knowledge on dealings with YCC. I am sure you will assist koolkidz to a successful outcome I will follow with interest

aa

Koolkidz you out there?

hi, just checked and the down payment by customer was added to the PPI bit. I am trying to paste and copy a copy of the contract for you to see. Thanks for all yr help everyone i will read through it now

hi i cant seem to paste copy of contract but am willing to email to you if it will help.

koolkidz

google photobucket
its free
deleate name,address, and account number,signature before posting

think i have put a copy of agreement on following link


"http://i425.photobucket.com/albums/p...IDZ_03/AGR.jpg"

hi koolkidz
i see the put the 160 quid deposit on the insurances
thats a no no

give it a few days for some one to go over the agreement

i think go debt are in for a nasty surprise
when yoy get more replies, you need to be sending a letter to go debt putting the debt into dispute
that will be 35 quid in your pocket per week not go debt.

like i said, wait for more replies first

hi just wondered if anyon has any advice on what i should do next