Direct Auto Finance (Yes Car) - V T

[TRIXIE]

Hi,

I've read through lots of posts but can't seem to find anything regarding my position.

Last yr I got into arrears with the finance I had on my car. The say they defaulted me, it is on my credit file but I have never rec'd any written confirmation of it (even though common sense say's they will do this). However, I got in touch with them and arranged a repayment which is still running.

I think found out about VT'ing my car. I have paid well over 50% of the actual loan amount (not inc the PPI). I wrote to them telling them I want to VT the car and to remove the default as they've never told me about it. They just replied saying I can't VT ad I defaulted. Good bye.

Is this right? I thought I could as I've paid more than 50%. I currently over approx £3.5k on a car worth £1k.

Your thoughts and comments would be appreciated. I'm going to try calling CCCS also.

[Tau]

As far as I know, all arrears have to be paid before a vehicle can be VT'd.

[mummyemma]

Yes you can VT the car as long as you have paid back the arrears and paid over the 50% mark. But beware we are currently battling yes car in court cause of the PPI as you have to contiue paying that even when you no longer own the car. Oh and when they say you have to pay £80 to collect the car you dont have to do that either as its not in your terms and condtions.

Good luck
Emma