 No Interest Rebate On Repo
Bought car April 03 financed by GMAC, got into arrears and had a summons for repo, appeared in court and Judge made posession order suspended on basis debt was repaid at the rate of £200 per month. Sent cheque on Nat West bank account, it bounced, did not konw, Nat West were the only bank that levied charges with a policy not to send out confirmation letters. GMAC failed to contact me or represent cheque. At a much later date got S.A.R - (Subject Access Request) documants which at the time said "04/04 reviewed chase customer either for replacement funds or issue out for recovery" "05/04 £200 cheque bounced we are chasing a replacement payment" the vehicle was repossesed on 6/04/06 with no contact or prior warning. Next entries were "09/05 reviewed seems vehicle was reposssessed on 6/4 good result".
I could ask if I had a claim against Nat West but my real issue is this, the purchase price included interest over 5 years, if they rebated interest and rebated the amount recieved for the vehicle and advised me of the shortfall then I would have contacted them and arranged some sort of repayment, they insist that the full interest is payable.
I was not advised what the proceeds of the sale was, I did check my credit file last year and GMAC is shown as settled so i assumed they did rebalte the interest and sold the vehilce and the shortfall if any was not significant and was written off.
This week I recieved a letter from DLC acting on behalf of Hillsden claimingthey bought a debt on 1 July 2008 from GMAC for £3948.45. There has been no contact from GMAC since the day the vehicle was repossessed apart from the response to the S.A.R - (Subject Access Request) request on 11 October 2006.
Can they charge interest to March 08, could they repossess without contacting me and as Nat West had a policy to bounce items and not inform account holders by post and there is an OFT case to decide if this was a penalty charge by the bank, [obviously there was a bank charge] are they partially responsible for the debt and loss of the vehicle.
I was of the opinion they took the car back due to arrears, sold it and were not out of pocket so I was going to put it down to experience and as time went by forgot all about it and was happy to let it go, what now. | 
