Ok will do i'll pop to my mums after work, she's got a scanner. Watch this space. x

Hi All, I had a weird dream last night that GMAC were ripping me off so thought i'd take a look at the finance agreement this morning. It just doesn't add up to me, but i'm not so good at figures. Could someone help explain please. Here are the figures: Amount of credit £8860.00 Duration of agreement 60 months Total amount payable £17684.40 APR 18.3% --------------------------------------- Interest Charges £3860 Credit arrangement fee £138.60 Option to purchase fee £10 Now when I bought the car I put down a £4500 deposit and the car cost £12995, i've just had a yearly statement which has the interest at 9.09%. I took out gap insurance which was £365.00. Have they calculated the interest on the full amount of the car without taking my deposit off?? and is that right to do that?? I'm really confused, it seems like a hell of a lot of interest nearly 50% on the amount of credit. Any help would be much appreciated as this is doing my head in. Thanks:D:D:D

Thanks for that. Any idea why the DCA havn't tried to track me down?? Seems rather strange to me. Thanks

Hello everyone, New to this site so please bear with me. I took out a HP agreemnt in July 2005 with welcome finance. To cut a long story short the car they found for me was rubbish. As a single mum at the time with hardly any money I was desperate for a car and just accepted the first car they bought round to me. When the rep came round to sign all the documents he worked out that I actually didn't earn enough money for the loan as I was only working 17 hours a week but said he would sort it out!!! The car was rubbish all sorts wrong and a dodgy mileometer. There was a big dispute with WF and I asked them to retrieve the car after approx 4 months, I also told them I was not going to pay them another penny and they could take me to court. I had loads of harrassment for them, calling my work all the time, people coming to my house and being agressive to me. In the end I moved away. I havn't heard for WF since then which was probably about April 2006. The other day I checked out my credit rating with Equifax to find me still owing welcome £6500. Now the thing I cannot understand is why my account is still saying my payments are late???? why hasn't this gone to a dispute or a default?? On the equifax site it says red with an 8 which means more than 8 payments late. Now because I need to get my credit sorted out and this is the only bad thing on there i bit the bullet and called WF. They told me this account is with Global Debt Collections. Well i'm on the electoral role which i have been for the last 4 years and i have never been contacted by these or WF. Will this drop off my report after 6 years or because the payments are showing up as late will it just run and run. I have sent a CCA request which was 12 days ago now. Nothing from WF so far. Please help i'm really confused over this. Many Thanks:)nicenurse