Capital Bank/DCAs

[whirlybird]

Going through all the paperwork I have, it would appear that according to the HP agreement on a car i bought in 2004, its me that is now owed money!

 

Went for VT as couldnt keep up with penalty charges, still being hounded by dca for outstanding balance.

 

Cash price of goods: £6083

Less deposit: £3000

Amount of credit: £3083

Charges/fees £936.28

Balance payable £4019.28

 

PAID so far: £3000 deposit

£1755 as agreed

£330 in penalty charges

Vehicle sold £1700

Payment to dca £60 ish and still owe £700

According to t&cs, if i paid half total amount and turned goods, i will not be liable for any outstanding balance. Taking the dep and money paid, have i not exceeded this already?

 

Anyone with more experience of HP that could help me get my head round this one?

[Conniff]

Hi whirlybird. As you are being hounded by a DCA, I would put this in the DCA section, you will get more assistance there.

[whirlybird]

Thanks Conniff,

 

DCA is being dealt with, not sure their paperwork is up to scratch.

 

Its the HP side of things as there seems to be a few contradictions. This is first hp contract (prob the last) ive had and the more i look at it, the more confusing its becoming cos the figures are makin less and less sense.

 

Cheers