Thread: Just starting off with WCF

I've had a ready of as many WCF stories as possible after sending 2 letters to both my local car outlet and the local finance office.

so what to do now?! ... Here is what I was thinking

1. go into the local Finance office and ask for what my arrears are.
2. (think I missed one payment right at the start) pay off any arrears and what ever takes me to the VT agreement which if any will be a VERY small amount under.
3. When I'm still there hand over the below letter making sure I have their name, what will also be on the receipt proving I've been in

.. Question are:
1. The Cars MOT will be up shortly will this void/stop any proceedings without one?
2.I can't currnetly find the V5 but was thinking of reporting change of ownership to the DVLA.. Is this a good idea? if so what is ther address it should go to?
3. When handing over the below letter is it a good idea to keep any direct debits open in case they drag this out?


My letter which is copied from other various threads:

My name and address

VT Request
Agreement No: ------------
Vehicle: ------------
Current mileage: ------------

Date

In accordance with my rights, I wish to end this agreement. I understand that Finance Company will only accept this notice on the provision that I have complied with the terms and conditions relating to my rights to terminate the agreement, as set out in my contract.

Directly prior to this letter I have paid any arrears within the WCF **** branch so there are no defaults on this account. I have complied with my obligations as laid out in the1974 C.C.A act and will not be responsible for any further payments on the above agreement from the date of this letter.

I will return the above vehicle within 5 working days from the date of your reply including all keys and documentation will be returned: service records, immobiliser, immobiliser codes and security keys. Note that he V5 is currently being registered to yourselves and will be in your possession via the DVLA

I understand that you will notify me in due course or any post sale liabilities including excess mileage and damage liabilities and if consistent with my agreement and taking into account fair wear and tear it is valid will be paid by return, note that I have also taken a 3rd party examination of the vehicle preceding its return.

Any delay on charges incurred by myself including storage of the aforementioned car will be followed with the appropriate action.


Name: …………………………………………………… …………… ………………

signature: …………………………………………Date : …………………….

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Well after 2 ignored letters they have finally got back to me stating that they have tried contacting me and that i need to call them at a specified address which isn't my local branch..

..So has anyone been through this before and hae an idea of what tey may ask or get me to agree to, I was going to go along the lines of (bt more nicely) just send me a pack in the post or give me a very good settling offer o can sell the car privately.

Any ideas

Hi,
I'm just about to send off a VT letter to Welcome Finance, I found the information on National Debtline website very helpful

National Debtline England & Wales | Debt Advice | Factsheet 16 How To Deal With Hire Purchase Debt

Hope this helps you

Yvette

Just a quick thought are you sure the insurance was not miss-sold to you as mine was i am currently trying to get all the insurance repaid as i was told if i did not have the insurance the loan would not be approved

Does anyone know who I should write the V5 out to

Anyone who has returned their Car know roughly how long to wait before they contact for its return?

The RAC have been and gone just over a week now and that was the last contact I had

Hi,

I had my inspection the other day, I was told by Welcome's Nottingham office that as soon as they receive the RAC report they will be in touch about collection. Oh and if the report details anything that needs sorting they will be adding it to the amount of money outstanding.

I'm going to ring them tomorrow anyway, because based on my experience with them so far, the left hand doesn't know what the right hand is doing!!

Yvette

Thanks for that... I heard from someone that if you cancel your car insurance that you must show proof to the old provider that the Car has even been sold or re-insured, is that true?? Old asking as I was going to put the Car i my garage until returned and stop my insurance

Have been contacted by a Company called P&A ("Specialists in Credit Management")

Bit confused as why it has gone to them and is not collected by WF or they haven't ask for myself to deliver?

Has anyone else had dealings with these people

Hi JWhite,

I had a call from P & A today about my car being collected.

I was at work on my mobile so didn't get to ask the questions I wanted to, but I was told someone would call me in the next 24 hours to arrange pick up.

Do you know if there is a charge for this collection? If there is I would prefer to drop it off to them!

Yvette

Don't know about a charge but I had a settlement figure broken down by WCF and sent a letter back saying thank you for the Breakdown bla bla bla any further charges for this account which are not agreed by myself will be ignored..
Nothing was heard about this so if they try they will have to take it to court..

Saying that apart from taking their time to answer my 1st letter they have been very good