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    • Hi all, hope you can help. I've received a £4k repair estimate from the main dealer after my 2016 F30 330e developed the dreaded drivetrain error. The qoute is for a replacement cell module and associated labour and various bits and bobs to get it done. I initially had them investigate the issue when it first popped up a year ago. They replaced the auxillary battery which 'fixed' the issue for a few months before returning. Last Novemner the issue escalated to 'Battery not charging' which would clear after powering off the car , and disappear. Took it into the dealer and they diagnoised a faulty high voltage battery under the boot but could not do any work as they needed to schedule more cars for this 'specialist high voltage work'. So they said I could continue to drive the car until they got in touch when the car could be booked in for repairs. Roll on to April, the issue became severe (battery not charging error not going away, car in limp mode one morning) and car completly died at a traffic light same day (dashboard flashing all over the place), couldnt engage in 'Drive' and had to be recovered by AA to the dealer. Turns out car was now only running on the 12v battery in the boot and that had run flat as the hybrid function had stopped working altogether. My question is whether this is a reasonable estimate. Could this be done cheaper elsewhere? The dealer has servived this car from new hence took it them in the hope they'd not point fingers at any other party. Should I be paying for this at all since I raised the issue with them before it escalted and resulted in a now expensive fault? I also suspect the KLE may have gone too based on other posts, but the dealer hasnt qouted for that yet. I worry they'll' 'discover' that after I've already shelled out for a new cell module and end up lumbered with another bill to replace the KLE. Feels like I know about what they need to do than they do. The Service Advisor has been completely useless. Any advice would be greatly appreciated.
    • The Petrol Station is Shell Garage Wickham (Hampshire ) Another person obviously had the same issue as they had called the garage previously-
    • Thanks Dave, that all sounds clear to me. In terms of avoiding PCNs, I'm not sure if I can. I need to be able to park in that spot, especially as I've got kids to lug forth and back for the school run. Likewise it's not always possible to use the MA's permit system either, as I've not always got them to hand. So, if I'm actively avoiding PCNs, then it could mean I've given in to their idiotic rules. But, I do get what you're saying, as I imagine the risks go up if they claim there are multiple PCNs to be paid at court. Not sure what to do with this one.
    • Is it possible you could qualify for a DRO (Debt Relief Order) and ditch the IVA ? https://debtcamel.co.uk/end-iva-change-to-dro/  
    • My IVA which I began in 2021 has for around a year now been passed to credit expert - I find this company and it's staff obnoxious and insensitive money grabbing monsters.  What is my legal right can I have my IVA moved to another ip what happens if Hanover sell my file?  I am ina real bad situation where my kids are unwell and this crest expert supervisor is saying I should try more than what I agreed despite my situation being very bad and kids unwell.   I feel like they are bullying me and I duh I where to turn.  I keep getting emails saying we at credit expert are in charge of your iva now but still I got messages about my review annual from Hanover which I sent documents and now I got a response from credit expert saying they think I agreed to pay more - how ludicrous is that how can I keep these bullies at bay.   Who can I complain too without messing up my IVA.  I'm going to post below what they sent me please someone help me as they are making me suicidal now. These evil people g coincidently all Indians with weak English which is another issue as communication feels like a battle each time.    Good afternoon,   We hope you are keeping well.   In accordance with the terms of your voluntary arrangement you a required to comply with the following modification:   The debtor must seek to either obtain full time employment or improve self employed income to equivalent thereof as soon as possible and a full review of the debtor’s income and expenditure must be undertaken by the supervisor. The contributions shall increase after taking into account any increased costs in respect of travel and should commence in the month following the review. If any instances of co-habitation with the debtor by any person aged 18 or over occur during the term of this arrangement and where there is reasonable expectation that board and lodging should be paid, the contribution will be added into this arrangement in full. The debtor agrees to provide an income and expenditure review in the month following any loss of child related income. Any surplus identified is to be made available immediately for the benefit of unsecured creditors in the arrangement.    In order to ensure that the terms of the voluntary arrangement are adhered to, I require you to provide evidence that you complies with the above modification along with any supporting evidence.   Alternatively, if you believe you are no longer able to comply with the modification please do inform us.   I eagerly await your response to the points raised within 14 days of the date of this email.   If you have any further queries, please contact Customer Service on ‪0800 0431 431‬ or by email at [email protected].   Thank you for your comprehension.   Plese guys advice me what I can reply as I don't have any more money for these thieves and their annual review is an annual monster nightmare how can I tell them I'm not willing to be bullied and can't paid more    تھا ks   
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GMAC RFC - closing down mortgage operations in UK?


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Hi

 

GMAC RFC announced on 29 Sept 2008 that all their sales force are to be made redundant by the end of the year! - and not currently writing any new business in UK.

 

Anyone had a GMAC mortgage which has been sold to another lender? - and what your experience was of the transfer?

 

GMAC had sold a tranche of mortages to Bradford & Bingley - and we know what happened to them! :)

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I think you may find that most sub prime lenders are not taking on new business at the mo. Mainly because they deal with the "high risk" customers they can no longertake thatchance as they are becoming even highre risk.

I am with KMC who Bradford were suposedly buying loads of mortagages from but I believe it fell through. I dont think it wouold change an awful lot as you will be just going to anouther sub prime lender. Tyhey are always changing comapnies regardless of the recession , sorry credit crunch

 

olives xx

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we were with GMAC, but they sold it to MAS number 5. They seem quite good. This was about 18 months ago though.

WE WERE WITH GMAC AND WAS THEN SOLD TO MORTGAE EXPRESS WHO ARE PART OF BRADFORD AND BINGLEY! NOT SURE WHAT WILL HAPPEN NOW THOUGH, p.s. just a grip!! THEY HAVE NOT PASSED ON AS YET THE INTEREST RATE CUT FORM LAST WEEK, SO UNFAIR.

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Hi

 

GMAC RFC announced on 29 Sept 2008 that all their sales force are to be made redundant by the end of the year! - and not currently writing any new business in UK.

 

Anyone had a GMAC mortgage which has been sold to another lender? - and what your experience was of the transfer?

 

GMAC had sold a tranche of mortages to Bradford & Bingley - and we know what happened to them! :)

 

GMAC-RFC is changing its strategy in order to work through difficult market conditions and is currently in transition to form an international asset management company, responsible for managing over 16bn of mortgage assets. They will lend in the future but this won't happen in the short to medium term.

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we were with GMAC, but they sold it to MAS number 5. They seem quite good. This was about 18 months ago though.

 

MAS number 5, is a company owned by Platform Homeloans which is a 100% owned subsidiary of Britannia building society. Most probably WMS would be servicing your mortgage.

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  • 2 weeks later...

My Gmac Fixed rate finishes next july . Anybody got any idea what is likely to happen then ? The paperwork says I'll go onto a high rate (Libor + 3%) unless I renew with a different deal or move my mortgage, but as I'm at 90% now and property values still dropping I'm unlikely to be able to transfer elsewhere .

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i too am with GMAC. theyve always been reasonable even though ive ben to court with em!!

i need to read my terms with em but they havent sold mine on yet and passed on the last .5% rate cut. im hopin theyll do the same with the 1.5% one!!

god knows i need it.

 

when they do sell the debts are the terms the same with these new companies??? or can they change (for the worse)??

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I am also with GMAC and it runs out on 30th Nov . Payments are currently £1059 but will go to £1289. This was before the rate cut. Are they likely to pass this on? My broker says that there are no alternatives at the present. Anybody got any advice?

Its better to live one day as a lion than a thousand days as a lamb!!!;-)

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  • 4 weeks later...

No 2 company trying to make me bankrupt going under, I had my main mortgage with GMAC, and secured loan with London & Scottish who are now in administration - the news gets better and better!

 

I suppose I could do the 'moral' stance and offer 1p in £1 or £1 per £100 but they took my house and both owe me in fees and charges - so I will settle for no collections activity on their behalf as full and final...

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Im with them too - based on Libor and only reviewed 3 monthly, when i called to see if the rate would be dropping i was told it would be reviewed the first week in december - fingers still crossed

 

 

Im not sure it is based on Libor. All my rate cuts have been passed on without waiting 3 months. Tends to be a month or 2 later.

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  • 2 weeks later...

Hi folks, I have a mortgage with GMAC currently and im finding it hard to keep up repayments at the moment. Im 2 months in arrears.

 

Ive been reading various articles about GMAC recently however and it seems a possibility that they might file for bankruptcy themselves!

 

Could someone please tell me what happens to everyones mortgages if this happens to GMAC ?

 

Many Thanks

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The mortgage will probably have already been 'sold' onto another company and be serviced by a third party, at least my research into this suggests - I may be wrong but nearly all GMACs mortgages were SVP types dressed up as 'sub-prime special deals' and nearly all got transferred to another company after the initial 'deal' period finished - sometimes before.

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The mortgage will probably have already been 'sold' onto another company and be serviced by a third party, at least my research into this suggests - I may be wrong but nearly all GMACs mortgages were SVP types dressed up as 'sub-prime special deals' and nearly all got transferred to another company after the initial 'deal' period finished - sometimes before.

 

Thanks for your reply.

 

My mortgage is only 2 years old and I have not been informed of any change in ownership of my mortgage at anytime.

 

Is that normal or does that mean GMAC have not sold my mortgage on ?

 

And if they do still have it and they go into liquidation does anyone know what happens then?

Do the liquidators sell the assets ie mortgages in blocks to the highest bidder? or do they keep it in GMAC or holding company until the fixed rate period ends, has anything like this happened before.

 

Many thanks in advance if anyone replys

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Ive been reading various articles about GMAC recently however and it seems a possibility that they might file for bankruptcy themselves!

 

GMAC has been suffering the credit crunch for sometime. Last year, they withdrew a number of already approved mortgage offers causing applicants problems. If the current situation continues, the company could go into administration.

 

I understand GMAC has made a large number of its mortgage workforce redundant effective 31st December 2008.

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