I would like to make it very clear that the Saynotoyes team do not gain financially or in any other way benefits from its partnership with Stephenson. This was made very clear in a previous post by Buzz before the moderator Robertxc made the statement "It's also not clear if the owners of saynotoyes are getting any sort of commission from Stephensons". As Robertxc prefers to ignore my PM to him I will ask the question on the forum. What is it that you are not clear about as Buzz has already explained to you? We have ask the CAG team to remove this post as we feel it implies we could be gaining from Stephensons but they have not done this. We are very disappointed in this action as we feel it leave a wrong impression. Finally I would like to wish all users the best of luck with their issues and hope you all get the result you want.

Yes I agree. Where I said "knowing it was on HP" I was referring to the collector itself. It is paramount that they know this.

If I was in a position where a debt collector was chasing me and took my car knowing it was on HP I would sit back and watch. It would not be long before I was threatening them with legal action. Reckon I would end up getting my debt cleared with interest. Fortunately I'm not being chased and I have no car on HP. Learnt my lesson on the HP side so its the bangers yard for me. Being a limited company is not so clear cut as having a car on HP. If the company owns the car and you are a director then they can come and take it away. The lease suggestion referred to above is the way around this.

No they can not take the car on HP. While the car is on HP it belongs to the finance company. The only time it becomes the owner of the "driver" is when the HP agreement is full and final. Remember while on HP the driver can terminate at any time. If the driver wants to keep the car then he/she would have to settle in full and final to the finance house. The driver can terminate with only one payment left and the car will still belong to the finance house unless full and final settlement is reach. Ther is no part ownership between driver and finance house. It belongs to the finance house until full and final then it belongs to the driver.

Just been informed that the FSA only deal with mortgages and personnal loan. They dont deal with CCA regulated loans. So are your loans with Welcome HP or personnal?

My immediate instinct here is to do a SARN to them and get all paperwork they have on you. I'm sure, under FSA regulations, they have to cover themselves regarding your ability to pay the instalments. It will be worth getting confirmation from the FSA on this.

Does anyone know if Welcome are covered under the FSA. If so then Welcome should have taken nesscessary precautions to ensure you could afford the payments. Think that is what its meant to do.

Thats the million dollar question. If you feel you have a case using this argument then the first thing you need to do is approach Welcome and inform them what you reckon. This basically is putting pressure on Welcome but they could turn around and say "we dont think so, go to court then" etc. So the emphasise will be back on you to go that step further and take them to court. This is the tricky legal road I mentioned earlier. The only people who can make a contract unenforceable is the court. As you know this could be expensive and there is no guarantee of winning. Welcome have you at the moment regarding the APR and the PPI will make them only think. As far as getting them to change it well I feel you will have to go to court or at least threaten such action. It looks like they are happy to give back the PPI but on the APR I think they will just sit back and see what you do.

Guys, I cannot promise anything here but I will look into it for you. This is a new one on me regarding doing something about the interest rate. My immediate instinct is the enforceablitiy of the agreement. If its a possible chance the agreement is unenforceable then there might be something that can be done. Even so I would imagine its going to be a tricky legal road to prove. I shall endevour to find out.

Guys, Not too sure what your issues are with them but this guy asked for his PPI to be cancelled and refunded. Welcome agreeded:- www.saynotoyes.co.uk -> Another Welcome Finance

The Saynotoyes team are in negotiations with a national UK media outlet. They would like your story about Yes Car Credit. Anyone who is involved in litigation with debt collection agencies, anyone who has been threatened with bankruptcy, repossession, etc, in connection with a Yes Car Credit contract please visit the following link: - www.saynotoyes.co.uk -> Media Enquiry Thank you

Mart2k6, Keep track of your payments to the "loan". Keep oncourse with those and see it through. Make a note of the charges they are applying but do not pay them. If you keep track of your "loan" payments then when you do your final payment then amount left should be the "charges". Do not pay this "charges" bill. If you do then you will have to go through the rigmoral of claiming them back. If they chase you for the "charges" after the loan is complete then you are in a stronger position. Possession is 9/10 of the law, let them do the hard work. If it gets that far then the right solicitor should do the trick. Just keep on track with your "loan" payments.

Congratulations Simon, I will look forward to this with interest. Well done.

I'm afaid a voluntary termination (VT) will leave a "coded mark" on your credit file. This mark will be seen by all finance houses when they do a credit search on you. How they judge it will totally depend on the house itself. I have heard stories of someone having a VT on their file but being pushed aside by a certain house because of one reason or the other. I know one companies VT is totally ignored. Suppose it is down to the actual house who you apply to. Whatever, a VT leaves its mark.

Yes the late payment fees only came about after YCC closed its doors as a sales operator. Provident lost around £122 million when it brought YCC to a close. We beleive they started using the late payment fee to recoup some of this loss. Alot of payment fees but these guys will try anything. The deposit on the car is one of a few scams they did. YCC never put prices on their cars. By law all they had to do was put a sheet of the prices somewhere in the showroom. I know for a fact they did not do this at the showromm I went to. How they played it was like this. Say a car is valued at £3000 and you put a deposit of £500 down. What they did was added the £500 onto the value of the car so it appeared on your agreement at £3500. You would not have noticed because they did not put prices on the car windscreen. Adding to the sales pressure of keeping you in a small no window room for several hours is how it help them to get away with it. Thoughs of us who have been through this experience know what I am talking about. Thankfully they cannot do this to anyone else as this battle has been won but the war is not over. We will continue to be their for those victims of YCC to provide support for those who want it. We will have our big day and justice will prevail against one of the biggest business scams ever to hit our shores. I feel better for saying that.

Chopperclaire, I am please you have taken this route and I know you are in good hands. I do well believe what they have tried as I have heard the same story a few times. I believe the fact that you have had your car repossessed without a court order, providing you have paid a 1/3 of the agreement, means you are in a position to reclaim all your payments. I hope this is the case. Good luck with your case and best wishes for the arrival of the new baby.

I can only admire anyone who takes on the likes of DAF on their own accord. I think it is a brave road to take but I'm afraid it is a dangerous one. I say this because those who have gone down this route I know of are now bankrupt. I know of individuals who have had their cases "set aside" but this has been mainly because of assistance from the CAB or legal representation. In fact I dont know of anyone who has seek legal assistance to have been forced to court. All such cases have settled outside court with a majority being "set aside". Regarding the legal arguments I have been given a list of them from some legal bods but I am unwilling to pass them on. These arguments are of a high technical nature and require proper representation. I personally am not skilled enough to prepare them nor am I insured against a counter claim. I do not want to leave myself open for liable misrepresentation hence my advice for any YCC victim to seek proper representation were insurance cover can be qualified. Legal bods qualify for this insurance, I dont. Need I say more. Finally I would like to highlight the risk here. Most victims of YCC are being chased for thousands of pounds and are in danger of losing their homes. That is the precedent we have witnessed and this is what we have been fighting against. As I said early I admire those of you for taking on such organisations but please in the case of DAF seek legal advice. Thats all I want to say. Thank you.

Claire, Please visit our site www.saynotoyes.co.uk. We have a number of users who are in the same situation as you. We believe we have the right channels for you to go down. You need to seek the proper legal advice when it comes to contesting the likes of DAF. They are a stubborn organisation who will try all the tricks in the book to get as much out of you as possible. We believe we have the right people in place to take on DAF.

Truthmistress2, On your monthly statements from UWCLUB does it show dail up charges for when they claim you were using dail up? That is a time and duration for when you were suppose to be using dail up. My fear is you have been using dial up without realising yourself. Its a easy thing to do especially if you have used dail up before then gone to broadband on the same PC. Ideally when you turn your PC on the broadband needs to kick in automatically and needs to be set up this way. Unfortunately some of these providers dont do this when you run their set up disc. Usually you are left with an icon to select to turn on your broadband. Some people with this end up using their dail up when they have this without realising it. Also I'm wondering if you had the monthly dial up fee of £10 before going onto broadband. As they claim you have not used dial up since 1st Sept the reason they have refunded you is the fact when you went to broadband you did not cancel your subscription. If you were not on some this subscription and they charged you for Sept when they claim you never used it, well something is wriong on their side there.

Would this not be a simple case of their word against yours?

Hi Saddler10, You have not received a default notice or any official dispute letter. At present all you have received is a "warning" letter. Preparation is the word here in case you are forced to go down this road. As this is not a matter of urgency yet my advice to you hear is to seek legal advice from the CAB. You took out the contract with YCC when the way they executed their agreements where wrong. If you ask to speak to a specialist advisor at the CAB they will be able to inform you if you have a case if the need arises. DAF might refund your charges or they might default you or do nothing. Best to be prepared for the worse case scenarios which in this case would be the default.

Simonmanns, is there any update to this?

Saddler10, My fear here is that they will start the process to take action. DAF are trying their best to bring to a close the YCC saga. Its been Providents, the owners of DAF, biggest mistake and they want rid. We are hearing of the smallest reason to repossess clients cars and from that we are assuming they want it all bringing to a quick end. I'm afraid they will try and repossess your car, chase you for the remaining amount of your agreement then after a very short time when they have got nowhere with you will sell the debt on to a low life DCA. I say low life because anyone gaining from the YCC saga is just that. Thats my opinion. Also the fact that you feel you have a claim regarding these charges DAF will not look at it that way and will put the emphasise on you to prove it. Expect a default notice through the letter box then the process has started. My advice to you is to seek legal advice on this. It is not clear how long you have had the car with DAF or what you took out with them. So its difficult to give you a rough idea how much they would chase you for. If you are an average case it could quite easily be in the thousands. Not too sure if you have studied our site www.saynotoyes.co.uk but we have loads of cases just like yours. We also know we have the right channels to advise our users to go down. A majority of our users who have taken our advise have had their debts "set aside" or at least a vast reduction to pay to what DAF chase for. Hope to see you there.

Markus, Coudl you tell us the latest situation here.

Thanks Saddler10 for keeping us informed. I will be very interested to how Mr. Gilhooley responds.