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.
About 2 and a half years ago I had my car repossesed, they took it court first and got the ok to do so, I had paid over half of the value of the car, I had interest of £3000 added to the total, however when they took the car they still wanted the value of the remainder.
I contacted them about arranging a payment, but I have not heard a word from them in 2 and a half years, I was wondering how long it is before they can no longer chase me for this debt?
this account will prob be flogged to a DCA called marlin,
or go debt
a debt will only become statute barred, ie, they cant enforce the agreement after a period of six years with out you making any contact with them, a re-payment proposal starts the six years over again.
yes car credit agreements are nothing more than bog roll,
what they did was add any deposit, be it cash or trade in to insurance products. the norm was payment protection.
as the deposit was not used for the purpose intended, its game over.
the agreements dont fair much better either
the end resault is you will not have to pay them a penny and any default will be removed.
do you still have your agreement to hand.
i helped out a pal on this matter and i will post the letter from the dca saying case closed in a moment
Hi, Thanks for your reply, I like the sounds of the good news lol.
I do have my original agreement still, Also when they took my car I was told whatever the sell on price was of the car would come off the debt, However I heard nothing about that either.
I did both, they gave me £100 for the trade in, and i had to pay £200 cash, which on their credit agreement is on page two on the right hand side as "downpayment provided by customer £300"
I do indeed have a default notice, defaulted in 2005
yescarcredit - advice needed
of £3000 added to the total, however when they took the car they still wanted the value of the remainder.
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