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  1. Hi All, I am looking for some help, my husband has recently passed his driving test but only has an automatic licence and we are in the process of changing our car. We have already been accepted for finance for a new car with another company with better rates. We took out HP finance with Advantage Finance in July 2016, the agreement was for 54 months. If my calculations are correct we have made 29 payments back which is over the 50% they state you need to pay before you can proceed with a VT. I have sent an email and letter to inform them I was to terminated with immediate effect an
  2. Hi there, I have just been advised my car costs more than it is worth to fix. In my agreement with AF it states i can terminate, or do a repossession: I signed a higher purchase agreement with Advantage Finance 2 years ago on a 48 month term. In my agreement it states that i have multiple options: 1. Early repayment 2. Termination of Rights: "you have the right to end this agreement. To do so you must write to the person you make payments to. They will then be entitled to the return of the Goods and to half the total amount payable under this agreement.
  3. Hi, I don't know if I'm posting this in the right place, so apologies if not. My husband returned a van (voluntary termination) to Advantage Finance Limited a couple of weeks ago (March 2018). We knew the van had to be in a reasonalble condition, which we believe it was. We also only had the MOT done in February which it passed (so no repairs required to result in an MOT fail). However we've just received a letter from Advantage Finance stating that we owe them £294 for repairs to bring the vehicle to a satisfactory standard, with no indication of exactly what repairs??
  4. Hi I put a claim to the Ombudsman for the return of fees for my Advantage Gold account after months of wrangling with the bank over its perceived mis-sale which the bank denied. However I received a letter from the Ombudsman who has advised that whilst they haven't looked at my case or paperwork yet the bank wants to make me an offer which constitutes of the return of my fees plus interest, less any benefit I received for the preferential loan and overdraft rates I received. Thats fine as it stands. However I want a lot more than that if redress is supposed to put
  5. Hi I purchased a car on finance, the finance provider is Advantage at the end of August 2017 (still within 6 months as of today) Just before Xmas the car developed a fault (burnt out alternator which resulted in total loss of power without warning) The AA tested at the roadside and confirmed the alternator was faulty (it was drawing over 130 amps from the battery) and recovered the vehicle to my home address I had an operation over XMAS and was unable to get the car fixed until 2 days before new years eve. I purchased the new alternator myself (through an ebay seller) and had
  6. Hi guys . I purchased a car and the finance was provided from advantage. the finance amount was for 7k. I recently received a statement and this is where my question has come from , I am paying ridiculous payments at present but this is due to a poor credit history . All sorted now and im building it back up nicely . the finance was over 48 months there were some additional fees as well £175 option fee last £325 acceptance fee. the interest rate applicable as it says on my statement is 21.00% per annum (fixed) I pay £275.11 per month. I have used va
  7. to cut a long story short(ish)... my wife got a car on finance a few years ago from advantage finance. the value of the car was £6,000 ... the amount payable back was £12k my wife at the time was in a well paid job and was able to afford monthly repayments of £260, a year or so after the original start of the agreement my wife started to suffer from various health conditions which involved having a number of major surgical operations that meant she had to take time off work. During these times she had to ask for reduced payments, after much persuasion advantage agreed reduce
  8. Hi all, I've noticed that there are some real horror-show complaints about Advantage Finance on this forum, and I'm here to add to this in my own small way. I would like to mention in advance that I believe some of this stuff to sound implausible, but there is written proof of everything I say here. So, a quick summary of this would be: 1. I bought a car from a dealer, using Advantage for finance for £3000 of the £4000 price. 2. I made several payments on time by DD. 3. I notified them that there were several issues with the car; a - the parking sensors h
  9. Hello, I have a car that is on HP from Advantage Finance. I have contacted them regarding a Voluntary Termination of the HP, and am currently awaiting a reply from the company regarding what I need to do next. Meanwhile, a few questions popped up in my head: 1. Would this affect my credit rating? 2. I have not serviced the car in a while (about 10k miles overdue), and the car has a couple of minor dents and scratches. If I fix the cosmetic issues and service the car now, will they still charge me for damages incurred, etc.? 3. Is there anything I need to watch out for with regards to
  10. need a bit more help. I recently VT a car with advantage, left the car at a local dealer where it sat for nearly two weeks, despite me chasing them and advising that my next payment day was due soon and I wasn't in a position to make the payment. the day before payment was due I got an email from one of their staff saying they had got the car and no further sums were required. last Friday I received a rather formal letter from them, demanding £177 to bring the car up to scratch and failure to pay would result in marks against my credit file etc. this caused a fair amount
  11. I VT'd my car at the beginning of February and it was collected by the auction company, it failed to sell in the first auction and as far as I know it sold in the second one on the 21st March. Now I made an extra payment after the VT and just let them have £80 for collecting the car as I wanted it out of the way as it was parked on the road, I phoned Advantage to request a refund of the remaining money only to be told there was a charge for bringing the car up to standard, it turned out I owe them £173 for refurb of 4 wheels and painting scratches on the rear bumper.
  12. Hi folks, I know there are similar posts to this one but they mainly focused on being under the 50% paid point of the agreement. I have a hp agreement with AF over 48 months to the value of around £7800. This includes interest, the car was £4500 when I bought it. I have made 36 payments and cleared around £5800 so well beyond the 50% mark. I'm considering giving the car back to the finance company as I have £2000 left to pay and the car is likely worth just below this figure right now. This will be much lower by the time the agreement ends in December. The car is a Vauxh
  13. Hi All, I have just received a large tax bill and i need to free up some finances to make a payment arrangement with the beloved HMRC my Hire Purchase Agreement was started in January 2015 on a 42 month agreement and i did opt for the GAP policy. can you please confirm if i can Voluntary Terminate the agreement and if so how. i did have arrears but these have been cleared and everything is now up to date. Thanks in advance.
  14. Has anyone had any dealings with a finance company call advantage finance ? Took out a secure loan with its sister co communitas finance in 2007 for 15k was making regular payment until I fell in difficulties the loan I took out had a ppi of about 5k I stopped making payments after I lost my job they then got a CCJ I came to an arrangement with them . To make repayment which I have since 2011 I am about selling my flat I call them in May2016 asking for a balance of account they gave a figure of 13k I didn't get this in writing and took theirword for
  15. Long story short I bought a car on finance had it for three months and life changed enough that I missed the next payment and would miss further payments. I agreed to them having the car back. the repo men turned up we had a cuppa and they went with the car no bad feeling. Due to family circumstances I moved house very quickly to another town to a farm yard hard to find. I stopped paying into a pension and months later thought they were still taking it to find out it was an ATE £100 they have taken me to court for payment including interest - almost £10,000 for nothin
  16. Evening all, I could do with a bit of advice please. In January 2016 the wife and I took finance out on a car with Advantage finance. Unfortunately our circumstances have changed dramatically in that time and we can no longer afford to run the vehicle. We have been in contact with StepChange debt charity and they have gone through our finances and the only logical way forward for us out of a bit of a mess is to Voluntarily terminate the agreement and give the car back. We will still owe money on the vehicle as we haven't paid half the finance agreement, but S
  17. Hello, I recently VT'd my car with advantage finance. I got in touch with them regarding it, after which they sent me a letter with the outstanding amount available. The letter was dated 01/02/16, and it stated that I needed to return the car within 21 days in order for the letter/sums to still be valid. The car was returned to their "drop off" point (transportation company) on the 22/02/16. I am still to date waiting for them to complete their "inspection" and send me a final sums due. A number of things have seemed a little "off" with the whole process, is this typic
  18. I currently have car finance with Advantage car finance. I can no longer keep up the payments due to severe personal circumstances. Now rather than just defaulting on the payments i would prefer to voluntarily terminate the agreement and surrender the vehicle. Then manage the outstanding amount after they have repossed the car. Can anyone please advice on how i should approach this as i am terribly embarssed and do not cope well with telephone conversations and a confrontation with a collection man would be too much to cope with - TIA
  19. Hi all, in 2013 I acquired a grand scenic with Advantage Finance. I had passed the point where I was able to return the car via a VT and not pay anything back. That was 2-3 ago. In the months before the car was taken, I had bought a brand new battery and fixed the alternator and also changed all 4 wheels. I paid for the car to be collected as Advantage told me the nearest return garage was in Slough and I live in London. So the guy came for the car and left my husband with a pink receipt We also took a video of the inside and outside of the car. Today I go
  20. Hi everyone. I have read a lot of your posts and want to thank you all in advance for the contributions made on this forum. It is incredibly helpful and am grateful for what I have read already: I worked for a company in Jan 2010 - April 2011 selling vehicles. I was a trainee for Jan, Feb and March 2010 not supposed to sell cars. My shady Dealer Principle asked me to sell in March and verbally told me I would be paid in front of everybody also there. Along the way he even used my good performance to motivate the rest of the team. This was my first job ever full time under contract &
  21. Hi there. I really need some advice. So I got a car through advantage finance in February of this year. Through past mistakes and an awful credit history the interest was shocking but at the time I needed the vehicle for work. The figures are; Cost of the car £2000 Interest on the credit £840.12 Acceptance fee £325 Option fee £175 Total charge for credit £1340.12 Total payable £3340.12 23 months at 131.88 and 1 month at £306.88. Now since buying this car I have replaced the back box and had the green flag out five times. Today as I was setting off for wo
  22. I have a caravan which was purchased through AFL. I have paid over 50% of the total amount due, however due to family break up I have fallen behind with two payments and they are seeking possession. I have asked if they can lower the monthly amount or if I can hand it back due to paying over 50%, but because I have missed the two payments they say I cannot hand it back under voluntary termination. I could do with walking away from it to be honest, but they only way to do that is let their bailiff take it and then it's auctioned, leaving me unsure of how much it will go for and w
  23. I am encountering a similar situation with CMS Telford / Brum but I am unsure of full account number details but do have a different eight digit reference from CMS letter). Can I still make a CCA Request for this other account that I did not agree to ? And by sending this will this mean I accepting liability of debt ?
  24. If a credit card account is in arrears and PPI claim is up-held by bank, do they offset all of refund against arrears ? Will this also include the net 8% statutory amount or will that be mine ? I have tried looking on FOS website for some clarification for this circumstance but I cannot find anything ? Thank-you
  25. Hi does anyone have a copy of terms and conditions for travel insurance advantage gold account for the year 2000 I am trying to put in claim to get back monies paid. I had a pre existing medical condition Cancer which the bank knew about. They are saying I can not claim as my insurance was valid. I know it was not. I never went on holiday so the policy was useless.
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