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Finance U Ltd Car Repossession letter received **Round 1 WON... Ding, ding... Round 2 now on**


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Received today from Finance U ltd

 

 

IMG-1-1.jpg

...... No termination notice or NOA

 

 

They havent come up with any NEW default notices, so it still remains the same.... the last default notice was received almost a year before they took the car:confused::confused::confused:

IMG_0001-1.jpg

 

 

Whats the next move???

 

NWJ-x-:confused:

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ok

to begin with

did they include

credit agreement

bill of sale (with the high court stamp)

default notice

 

i need you to check that things like amount of credit

total amount payable

most things on the cca are the same as on the bill of sale

 

sorry if going over new ground but this finance u ltd

i take it they are the finance co and not a broker

confirm you have had no dca etc chasing you for this money

 

 

by the way

 

chill on this one

 

default notice is pure bovine excrament

 

ime checking out this finance u ltd

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Right Postggj Ill try and answer your questions the Credit Agreement is attached and as far as I can see in order.(if you want me to post it up to make sure I will do that)... As for the Bill of Sale it is attached and has been court stamped and registered with the high court (I paid £5 to check this)... As for Finance U Ltd .... the car was bought from a garage called Corner Park specialising in guaranteed car finance (at a price) and well known in my local area.... adverts on local radio, back of buses everywhere you look!!!! Finance U Ltd are basically the same people... the same Managing Director... the address in Penarth is his private home....No DCA has chased me for this debt, just letters from the MD.

And it was the 'bailiff' from Corner Park who came and got the car... (2 scruffy garage workers with no paperwork more like... and we signed nothing)

 

Hope this sheds some light on it

 

NWJ -x-

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this might be just me but i need some help

 

this finance u ltd does not have a consumer credit licence

can i have a second opinion and serch

meny thanks

 

ive had a look at the agreement and i need a few days

one thing that strikes me is where are the termination rights

what about doing a voluntry termination

where is the figure

no list of penalty charges

 

i can go on and on

 

give me a few days

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Hiya NWJ

 

Been busy here ggj ;)

 

Just a quick point, I have read though this thread and still can't understand the figures.

 

You paid £5995 for the car

£295 ??????

= £6290

 

Now you had a P/X amount, WHY was this added to the credit figure?

 

JOgs

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i think i might have cracked it the documentation fee was paid on your first payment

 

so why are you paying interest under the total charge for credit

 

ime having the agreement checked out

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Hiya NWJ

 

Been busy here ggj ;)

 

Just a quick point, I have read though this thread and still can't understand the figures.

 

You paid £5995 for the car

£295 ??????

= £6290

 

Now you had a P/X amount, WHY was this added to the credit figure?

 

JOgs

 

We had an existing car finance agreement (4700 outstanding) with them for another car and they gave us 2000 part exchange on it....dont know what the 295 is though.... the doc fee of 100 was to be included in the first payment but I dont think I paid it and I had a default notice for it on the 19 March 2007

Edited by nowayjose
wrong amount entered
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looks that the P/X sum had been ADDED to the total amount and not

 

deducted.

 

We need to OP to confirm how the figure of £8990 was reached

 

 

meny thanks for looking in havinastella

 

can you confirm how £8990 was reached

its important

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We had an existing car finance agreement (4700 outstanding) with them for another car and they gave us 2000 part exchange on it....dont know what the 295 is though.... the doc fee of 100 was to be included in the first payment but I dont think I paid it and I had a default notice for it on the 19 March 2007

 

 

Ahhhh, thanks for that.

 

I still agree with ggj about the £275, they'll be screwed about that.

 

Also, as stated all through this thread, The Default Notice is faulty.

 

You are only liable for that amount, but as an offset you reclaim all the charges they added to the account, so that will nearly pay off the amount claimed ;-)

 

Jogs

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thanks postggj and havinastella... remind me do I have to do anything now or am I waiting on the courts??

 

NWJ ;)

 

 

As long as you have done the AOS that gives another 2 weeks to enter your defence.

 

You need to have a look for the thread 'Tale of a dodgey DN' and read and understand this thread.

 

Remind me closer to the date the defence has to be in by and I'll ask CCM to have a look in, he's superb with his defences.

 

I'll also run the charges through my spreadsheet for the offset defence.

 

Jogs

Edited by havinastella
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gday mate

 

right then

 

ill start drawing one up tonight

it will take a few days

 

when does your defence have to be in by

 

its important that when the defence is ready, you understand every piece of it

 

we are hear to guide but at the end of the day,

 

ITS YOUR DEFENCE IN COURT

 

LETS SEE IF I CAN OUT DO CREDITCARDMUG FOR A CHANGE:-)

ONLY JOKING

CCM

PLEASE JOIN THE PARTY AND DO YOUR DEFENCE ALSO

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Ok Postggj, I really appreciate your help, Im not sure when the defence needs to be in, the issue date on the claim form was 17 June and the date of service is the 22 June. If you need any info for the defence please let me know.... Thanks

 

NWJ -x-

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