the funding corp worst company ever!!!

[stitchcrazy]

Hi moggieb. Hope you don't have to wait too long for your reply from TFC. Unfortunately these guys don't just take advantage of the youngsters or those with poor credit history. I think they take advantage on anybody who has the misfortune to end up with them. ( with the exception of 1 or 2 very lucky persons ) In future before I purchase/sign anything I will be double checking everything to make sure that the name and address of TFC doesn't crop up on any paperwork. If it does then ,unfortunately whoever for whatever has lost my custom. Stitch

[stitchcrazy]

Originally Posted by dantesoloman

hi, i used to work for tfc, i hated the company when i worked for them and even more so now. quite frankly they are an utter disgrace, i will never recommend this company to anyone. the individuals who run the company from the top are quite frankly some of the most crooked people i have come across. if there is anything you would like to know please let me know. As i am pursuing a claim against them myself

Hi dantesoloman.Poor you working for a company like that. What made you leave? Ha Ha. I am sure that all of us with a gripe about TFC would like to know more. Perhaps you would like to enlighten us all a little further.

[Number1annie]

I know where your coming from mate, we got ccs legals onto the funding corp. The Bill of sale we had was totally void, we had a letter from the funding corporation saying they could not reposses the car because the bill of sale was void. Keep fighting it...you will win....we did!

[Number1annie]

Originally Posted by andyw76

Hello all

I am new to this site but I was glad to see people ranting about The Funding Corporation.

I am just about to go to court with these guys who are trying to claim the balance of the finance I had out on a car I got from Carcraft – Yes I know – bad move !

The car was £4,700 on the forecourt, I paid £99 deposit but walked away with a loan of £11000 to pay back over about 5 years.

I paid over half the outstanding balance over 2 and a half years and decided to exercise my right as a consumer and ask them to take the car away which they did but now a year on I have received court summons for the balance of £5000 odd for a car that I do not have anymore and which they sold to auction for £800. They are trying to put a claim on my property so that if I sell up they get their share!

Any advice from anyone?? I am going to fight this.

I also think the staff are rude and obnoxious and the bombardment of calls and letters is soul destroying!

Regards

Andy

Hi Andy,
did they tell you it was a bill of sale

[Number1annie]

Originally Posted by andyw76

Hi Guys

Well i sent my £75 off to court today to set aside judgement so hopefully I will hear back soon on a date for the hearing. I'm taking these monkeys down I tell you !

Andy

Hi Guya,
Dont pay them anything, stand your ground, we did and won
Annie & Shaun

[moggieb]

Originally Posted by Number1annie

I know where your coming from mate, we got ccs legals onto the funding corp. The Bill of sale we had was totally void, we had a letter from the funding corporation saying they could not reposses the car because the bill of sale was void. Keep fighting it...you will win....we did!

Well done Annie . Who are ccs legals btw?

Thanks,

Marg

[slmacca]

Hi to everyone out there.

Businesswise I am involved in PPI and issues, complaints etc over its mis-selling, in particular, with regard to the loan funded single premium version. And, yes, whilst i would agree this company are pretty bad, they do have their equals in not only mis-representing the product but also in handling customer problems and complaints......and boy are they expensive!!!!

I have just come across someone that bought a car using this company, where the car costs some £6,300 and the protection policy cost a total of £6,900!!! :o

Value for money - I dont think so. Check your papers and see how much this may have cost you!

[lindisfern]

Our experience of the Funding Corp. has not been too bad compared to some,
however, we recently asked to terminate the agreement and sent £1000 towards the required amount to have paid to terminate (50%). They telephone 3 weeks later asking why we had paid so much, and that they
had no record of termination request.
We eventually received a reply/confirmation that we had paid enough to
terminate on condition the car was in good order.
It is, having been garage maintained for almost two years and recently
had tracking and tyres attended to, BUT we had no proving records so they insisted that the car have a full service at an approved garage at a
cost of £508 then be checked by one of their reps. after sending documents back. About to do this.
As hubs has redunancy looming and increased morg. this was the only option left to cut outgoings.
Should have just left them to reposes.

[chaos63]

The Funding Corporation are fairly notorious for having unenforceable credit agreements.They also have Bills of Sale which give them the right to seize cars once the customer has defaulted on payments-without the Bill of Sale a court order is needed to return car.Most Bills of Sale are void because of mistakes made, if you are having problems with this company you should get the agreement and bill of sale checked by an expert, go to your local CAB or Advice Centre.

[lindisfern]

Thank you for response,
They telephoned today to ask when we were taking the car to Brighouse Auctions, thought we would have had something in writing to do this, its
going on saturday, but, although we have received a letter from them
confirming we had paid more than 50% and that there was no more to pay the guy on the phone said it depends on the auction results.
But at least have letter that states otherwise.
fingers X'd will not need it or have anymore to do with them.

[andyw76]

Well guys I went to court and guess what? They did not even show up, all they did was hire a duty solicitor to attend and they did not even prep her with all the details so the judge was a bit annoyed by them. He has however now ajourned my case, allowing the Funding Corp 14 days to respond formerly to my defence so we will see what happens.

They are going to look like numpties whatever happens after not even bothering to turn up in court.

Will be in touch again soon

Andy

[stitchcrazy]

Hi Andy, It doesn't come as a suprise cos I think these guys have done this before. Well all as I can say is it has probably done you a good turn with them not turning up. It doesn't look good on their part and certainly doesn't help their reputation. Not that they have much of one. Keeping our fingers crossed for you.

Will be in touch soon and thanks for keeping us all up to date.

Stitch

[andyw76]

Originally Posted by stitchcrazy

Hi Andy, It doesn't come as a suprise cos I think these guys have done this before. Well all as I can say is it has probably done you a good turn with them not turning up. It doesn't look good on their part and certainly doesn't help their reputation. Not that they have much of one. Keeping our fingers crossed for you.

Will be in touch soon and thanks for keeping us all up to date.

Stitch

Thanks for the support Stitch !

Andy

[busyB]

What's the deal with The Funding Corp? do they like ripping of their customers, I lent £8,000 for a car - I payed £8,642 back they made lot's of errors on my acount wich i'm now paying for, they've took the car and are now demanding a further £9,900. I think I shall take them too court over this as paying £19,000 and no car ? somthing wrong here... If I don't get anywere with that I will get watchdog involved.

[wino]

I got stuffed last year by TFC. Thought they would reposses the car but they took me to court instead and put a charging order on my house. The interest was getting so ridiculous I ended up re-mortgaging and paying them £11,500 for a £6,000 car!

This was all pre CAG

I do not have a copy of the original agreement and I believe they don't neither as they couldn't produce it in court but the judge just let it go through.

Can I try and claim back any charges or high interest I have paid? Or is it too late? I have never received any statements from them at all.

The solicitor that dealt with my remortgage just asked them for a settlement figure and paid it. He didn't ask for a breakdown of the amount.

I wish I had found CAG before all this. Any advice anyone?:o

[stitchcrazy]

Originally Posted by busyB

What's the deal with The Funding Corp? do they like ripping of their customers, I lent £8,000 for a car - I payed £8,642 back they made lot's of errors on my acount wich i'm now paying for, they've took the car and are now demanding a further £9,900. I think I shall take them too court over this as paying £19,000 and no car ? somthing wrong here... If I don't get anywere with that I will get watchdog involved.

Good luck. YES this company really gets a kick out of ripping people off and causing them distress. I have contacted Watchdog and I know of someone else who has contacted them about about TFC but I get the impression that they are not interested as I never heard back from. TFC make lots of errors and some of these situations they have actually created themselves but they would never admit that they are at fault. Take the time to read through all the messages on this site. I have found it a great help to find likewise people.

[littlemunchkin]

Andy , I hope by now you have had a staisfactory outcome in court. I am new to this group and i am just starting out on the same road as you against this company and aslo Car Craft so i will be most interested in any information i can gather from you.

[whitevanman1965]

hi andy, i`m new to the site but have been reading with interest the goingson of tfc. i too am having problems with these people.i got finance from these people for a car. in january of this year i thought i was halfway through the agreement and so decided to swap my car for a larger mpv. it came as a shock to learn that i had another 6 months to go to get halfway.after a chat with a salesmen i was told i couldnt swap it and it was only worth 1500 pound
the original price was £6500, so after paying the best part of £11000 i asked that they take the car back,they have sent me a default notice because i didnt pay aprils payment.
they are now going to reposess the car,but have told me that it will be sold at auction and whatever it makes will be deducted from the settlement amount of £7600 and i have to pay the remainder which could be over £5000.
do i fight them or just give in?

[stitchcrazy]

Hi whitevanman.
Take it further like the rest of us are doing and Don't give into them. That is what they want you to do.

[Number1annie]

Hi again guys,
Everyone check their finance agreements if they are a BILL OF SALE they are null and void as they did not register with the London High court of justice. They cannot reposses your car if you have a null and void BILL OF SALE. We contacted CCLS credit counsel legal service, sorry guys i cant find the number but they are based in cheshire and know TFC well. DONT GIVE IN