if you take a loan from the bank for 5440 at 6.8% over 5 years the intrest is half the amount why,sorry if im asking daft questions

i think i understand it .they have added the intrest on at the start of the agreement .this the figures,amount of credit 5440.75 intrest 1836.05 finance fee 95 purchase fee 99 total 7470.80.i thought the intrest was calculated yearly and not in a one off amount at the start

can do it later once i get home.you know im not trying to get out of it ive made an offer but they refused it.and thier solicitor more or less told me in a letter if i dispute it they would show no goodwill to meafter the decree was issued

cheers for reply.im having a look at the figures on the agreement theres somthing not right.i have 2 intrest rates on it.1 is a 14.1%apr the other is 6.8% fixed.dont understand why there would be 2 of them.

hi i recieved a copy of my cca it hasn,t been signed by the lender.ive looked about had a bit of conflicting information anyone have any facts ,is the cca unenforceable,had a look at oft website they say its unenforceable.....any help .....please...thanks

hi got a copy of the agreement from the solicitors ,it hasnt been signed on behalf of the company is this relevent

also this is the last paragraph of the letter from the solicitor.you must obviously do what you feel is in your best intrest and you are of course entitled to insist on any statutory rights which you may have.however,if,as seems likely you are going to have to rely to a significant degree of goodwill of our clients if you wish them to adopt a sympathetic approach to enforcing any decree.you wish to concider whether causing them the maximum inconvenience just for the sake of it is likely to encourage them to do so.....can this be seen as being threatening

got a reply from thier solicitor today with a copy of the agreement.they only thing wrong with it is it hasnt been sighned on behalf of the company concerned is this relevent.

The car was sold for £1250 and forecourt price was £3200 and private sale £2500. Thanks for your help i'll let you know how i get on

if or when they send this information to me am i looking for anything in particular .should i get a solicitor to go to court with me

do i have to send any cash to cover postage

the return date is the 12th of december.do i send this to rci finance or their solicitors

Thanks for your help sorry didn't mention i was up here in scotland to start with...

On or about 22nd July 2005 the defender entered into a Hire Purchase Agreement ( hereinafter "the agreemant") with Nissan Finance (G.B.) Limited whereby she hired from the a Renault Clio 1.2 motor vehicle, registration number **** *** (herinafter "the vehicle").On or about 6 Febuary 2007 by special resolution, Nissan Finance (G.B.) Limited changed it name to RCI Financal Services Limited. The defender has defaulted on themonthly repayments required in terms of said agreement and a Default Notice was served on her by the pursuers in terms of section 87(1) of the Consumer Credit Act 1974 on or about 26th January 2008. In terms therof, the defender was required to make payment of arrears of £681.40 to the pursuers on or before 18th febuary 2008. She failed to and therby repudiated the contract. The pursuers accepted said repudiation. The pursuers have recovered possession og the vehicle which was sold for the sum £1,256. The sales proceeds have been applied in reducing the sum due to the Pursuers in terms of the agreement. The balance still due and resting owing by the defender is £3,284.08 which is the sum sued for. The pursuers have repeatedly called upon the defender for payment of the sum due. She refuses or at least delays to do so. This action s accordingly necessary.

I have summary cause summons, details of claim, statement of claim particulars of arrestment, option toadmit or dispute, written noteof defence, defenders response to the summons,application for time to pay direction. Thats all i have i'm really not very clued up on this - will the paper work still be the same in scotland ???

had a sumons to appear on the 18 of december

hi i bought a car using rci financial services in july 2005,got to 2007 things where a bit tight and couldnt affordrepayments.i handed the car back in may 2008 later found out i was 750pounds short of paying half the balance was never told this was only told i had to ppay the 4500 balance.then in october got a final demand saying the car had been sold for 1256 and the remaining balance of 3200 had to be paid in 7 days.end of october got a court sumons to go to court for the full amount.offered them 60 per month to stop court proceedings they refused it.they are applying to courts to raise the intrest from 6.5% to 8% to.sshould i be asking for my cca or is it to late to do anything any help grateful

i received a demand for the full amount of 3268 then 2 weeks later a court summons.think i may be a bit late to do anything.offered them a payment plan of 60 a month but they refused saying they would take me to court for the full amount

Hi All, I bought a car in July 2005 couldn't meet the re-payments so i voluntarily handed it back in May 2008. At the time i didn't realise i still had £ 750 to pay to have paid half and hand it back without any issues should i have been informed of this at the time by my car finance company?? I have now recieved a court summons from RCI financial services for the remaining balance of the car, the initial rate of the finance was 6.5% they're asking the court to make it 8% annually. Can I requset a copy of my CCA after this case go's to court or should I be requesting it now before they take me to court. Any help gratefully recieved