the funding corp worst company ever!!!

[drob]

I have wrote to The Funding Corporation for a copy of my BILL OF SALE and after 3 weeks i am still waiting.

A BILL OF SALE must be registered with the London High Court of Justice and it appears the The Funding Corporation do not do this making the BILL OF SALE null and void.

If they turn up to reposess your car, the collection agent must provide a copy of the registered BILL OF SALE, if they don't they can't take your car.

[whitevanman1965]

hi drob
thats interesting news, tfc are supposed to be repossing my car within the next 3 weeks.i have had numerous pre recorded messages left on the landline number.how do you find out if the bill of sale has not been registered?

[whitevanman1965]

hi guys
after reading the comments regarding a bill of sale, i have looked through all the paperwork i recieved from tfc. the only thing i have is the pre contract information.
should i have recieved a copy of the bill of sale?
i am not letting go without a fight.

[drob]

Yes you should have received a BILL OF SALE with the paperwork when you purchased the car.

A bill of sale can only be enforced if it was properly registered. Since this is an expensive and difficult process, it is rare that this actually happens. However, failure to register the bill of sale renders it void

Before you are required to give up your property, they must (if you ask for it) provide a valid bill of sale exists, that bears the stamp of the Supreme Court.

[drob]

To see if your BILL OF SALE has been registered i would send a S.A.R request to TFC and that way you will also see what charges they have added to your account and then if you think the charges are unfair you can claim them back.

Another way to see if the BILL OF SALE has been registered you can make a written application with a £40 fee (recorded/special/registered delivery)

Provide your name and address and of The Funding Corporation

The address is,

London High Court of Justices
Judgement and Orders Section
Room E15
Royal Courts of Justice
The Strand
London
WC2A 2LL

[whitevanman1965]

hi drob
thanks for the info i really appreciate it.
tfc will be getting a letter asking for a copy of the bill of sale, i will also be writing to the high court at the same time.
i will let you all know what the outcome is as soon as i can.
fingers crossed.

[Fiddy]

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 i am now having similar problems and the care isnt even mine its my nephews and he is in Iraq and i am getting bombarded with phone calls texts threats to put a default loan on my mortgage for £14000 and blacklist me. I signed for it as he didnt have a perminant address now he has his own place but i get all the hassle because he has missed 1 payment . i found the staff horrible to talk to and abusive. Fiddy

[Number1annie]

Has anyone spoken to 'RORY' from TFC....He is so funny, ties himself up in knots, he will tell you its a bad line and ask for a number to call you back on just to get a contact number, then you will be bombarded with phone calls. Whoever invented Pay and Go mobiles, well done....So easy to change your number lol.

[Number1annie]

Ask TFC to send you a copy of the stamped BILL OF SALE, unlikely you will get it as they never registered it!!!! They cannot take your car and do not surrender it. The problem we have now is they wont remove it from HPI register even though they cannot take the car. Does anyone know how i can get it removed????HELP!!!!!!!!!! !!!!!!!!!!!!!!!!. I have asked them to remove it but all they did was change the listing from HP agreement to Credit sale which is basically the same thing but worded differently!!!! So i cant sell the car. HELP!!!!!!!!!!!!!!!!

[drob]

Do you owe them any money Number1annie????

[Number1annie]

Hi drob, we asked them for a settlement figure and they said £7,700, we have already paid them £7,200, so they are basically wanting nearly £15k for a car now worth £1700. We have been told they are now an unsecured creditor so just make them a reasonable monthly offer which we did but they wouldnt accept, we also offered to give them the car back in return for 'wiping the slate' but again they refused, they want a minimum of £6k. I would take them to court to get the HPI removed but i understand its a costly process!!!!!

[drob]

The Funding Corporation have today sent my executed BILL OF SALE. I don't think that the document is legal because of the following.

1. It clearly states that the document is "Affidavit on Registration of BILL
OFF SALE by way of security,

2. It was sworn and signed and stamped by Yates & Arden Solicitors in Ashton-Under-Lyne. It does states that they are a Solicitor of the High Court.

3. There is no official stamp of the London High Court of Justices.

4. It states the following " I was present and saw "drob" exexute the
BILL OF SALE on 23rd May 2004 yet on the BILL OF SALE i was
given when i purchased the car it clearly states that "This BILL OF
SALE was made between drob and TFC on 2nd June 2004.

5. The BILL OF SALE even has the incorrect car registration and
chassis number on it.


Please can someone have a look at the above points i have raised and offer me some advice on how i should deal with this,

Can anyone let me know if this is a true executed copy of a BILL OF SALE ???

[Number1annie]

Hi Guys,
Im not sure if this will help but ive found a number for Community Legal Advice based in Sheffield that we used to help with TFC 0845 456 6818. They know TFC well, drob, explain what you have received to them and they may help, you may need to email/fax/post them a copy, but worth a shot mate! Let me know how you get on?

[captainpinky]

Hi Drob.. from what you have said, it doesn't appear to be a bill of sale.. certainly hasn't been executed if it hasn't been stamped by the High Court.. it sounds like its just a statement by a firm of solicitors to say they saw you sign the bill of sale BUT ! that doesn't mean the actual Bill has been registered in the High Court... also the fact that the chassis number etc is incorrect means that the document is incorrect in any event !!!

[drob]

TFC also sent me a statement of account that contains over £1000 in charges (Admin Fees & Default Payment Fees),

I changed my bank details and on 2 occassions i filled in direct debit mandates and returned them, TFC claim that they never received them so i now pay them by bank transfer. If my bank transfer is 1 day late TFC automaticaly send me a letter and the following day i get a default notice and they then add £60 to my account.

I am coming to the end of my agreement and have never missed a payment.

On my credit agreement i pay 45% APR for The goods and financial particulars but for the Insurance Products and financial particulars i pay 40.3%. Why is there a difference?

My credit agreements states that i should repay £15.304.20 yet my statement states that i should repay £15.410.09 so where have they got the extra £105.89 from????

I have now paid in total £15,581.49 so surely i have paid back all of my agreement????

I?m getting in a right mess!!!!!!!!!!

[andyw76]

Hi guys

Can't remember if I updated you last time or not but had my court case in April and it was adjourned because the funding corp failed to respond formally to my defense and they also hired a duty solicitor for the day and failed to tell her what the case was all about so they looked generally incompetant, but anyway, the judge gave them 14 days to respond.

Guess what, 14 days later and nothing so I am back to court next Wednesday for round two and hopefully this time the judge will see sense that this company really are a bunch of incompetant morons who cannot even comply with court orders! Disgraceful!

Andy

[drob]

Good Luck next Wednesday Andy. let us know how you get on

[stitchcrazy]

Good Luck Andy.
Oh what a mess they make of everything. I too hope the judge sees sense for you. I'm behind you all the way.

It's about high time this company was closed down for good but for some reason they manage to keep trading regardless of Court cases, Solicitors, Trading Standards etc. With such a bad reputation it makes you wonder doesn't it.

Anyway
GOOD LUCK,
Keep up the fight

Stitch

[whitevanman1965]

good luck andy

well tfc sent me a copy of my bill of sale and guess what its not stamped by the courts. i have had silent phone call after phone call, txt messages sent to my mobile,even got a letter telling me i am in breach of my agreement and that they intend to collect the car on tuesday.
so i rang them only to be told by the arrogant person on the other end of the phone that unless i make a payment they will take it.
she also told me that the bill of sale has been stamped, i asked for further proof only to have them put the phone down on me.
what a bunch of babys.
this outfit needs closing down guys
ive paid £11000 for this car and they want to auction it and leave me with a bill for £5000 i dont think so

ill keep you all updated
thanks for your support i really appreciate it

[drob]

whitevanman1965, If by chance they do show up on Tuesday to take your vehicle make sure the repo men have the correct paperwork. They must have a true and executed copy of THE BILL OF SALE, stamped bt the High Court of Justices.