Voluntary Surrender of Vehicle letter from Red2Black

[The Little Cheese]

Hi, I am looking for some advice please.

Purchased a vehicle through GE Money (now Santander) in August 2006 on a 5 year loan. Been struggling for the past 11 months and now £600.00 in arrears, Recieved a demand from a collection company called CodeRed (but who said I should contact Viking Collection Services) who I CCA'd (to provide me with a true copy of the credit agreement ). Strangely I got a reply with the documents directly from Santander. I then received a letter of demand from Red2Black who I also CCA'd on 7 August this year. I have received no reply to that but today received a lettr from them saying that Santander has instructed them to accept a Voluntrary Surrender of Vehicle. They have asked me to sign an attached form and return to them within 7 days to arrange return of the vehicle. Can they do this? Yes I am in arrears but have been trying to make regular payments and I obviusly dont want to lose the car. Thanks in advance for any help.

Also posted under repossesions

[volvo]

Sorry cannot offer any advice on this, hopefully someone will soon

 

VOLVO

[postggj]

Interesting And Sounds A Con

 

You Can Do A Vt On A Hp Agreement But This Sounds Like A Repo In Disguise

 

Do You Still Have Your Original Agreement

 

Redtoblack Are A Repo Outfit

 

As A Rule The Rac/aa Would Do An Inspection On The Vehicle Before Its Returned

 

It Seems To Me That The Account Has Been Passed To A Dca

 

At The Top Of The Agreement Does It Say

 

hire Purchess Agreement Regulated By The Consumer Credit Act 1974

or

personel Loan Agreement Reg

or Fixed Sum Loan Agreement

[The Little Cheese]

Thank you for your comments. Yes I have the agreement - Fixed Sum Loan Agreement Regulated By The Consumer Credit Act 1974.

Can they force me to sign this? I was under the impression that I could request a Voluntary Surrender but not have it forced on me.

As they have not responded to my CCA request (sent by recorded delivery) is there anything else I can do? Many thanks

[postggj]

Can You Post Up The Agreement

Google Photobucket And Use The Upload Ink For Message Boards With Out Thumbnails Option To Post

 

Remove Personel Details But Leave In The Figures

[postggj]

This Is A Voluntry Surrender Not Voluntry Termination

 

Do Not Sign It

 

THEY CANT DO A REPO UNLESS YOU AGREE OR THEY HAVE A COURT ORDER AS YOU HAVE PAID BACK MORE THAN HALF

[The Little Cheese]

Hi. I have attached the agreement - I hope this is ok. Thank you for your assistance.

[postggj]

Hi

 

Can You Repost With Out The Thumbnails

[The Little Cheese]

Sorry, I have attached them as PDF's.

PG 1.pdf

PG 2.pdf

PG 3.pdf

PG 4.pdf

[postggj]

ok

its now confirmed

they cant repo with out a court order

even if they come to your house, refuse to hand over the keys

if they do a repo with out a court order, you will be entitled to all your repayments back

 

 

can you post up the letters ref the voluntry surrender

 

remember to deleate all things to identify your self

 

glad you sussed how to post docs

 

well done

Edited August 22, 2009 by postggj

[The Little Cheese]

Thank you for all your help. I will scan and post docs.

[postggj]

This Is A Fixed Sum Loan Agreement

 

What You Need To Do Is Write To Ge

Ask Them For A Settlement Figure Valid For 28 Days

 

As Its A Fixed Sum Loan Agreement You Should Be Able To Sell The Vehicle As Its Not Registered On The Hpi And Any Balance Paid To The Finance Co Thats Due

[drob]

Is the company Red2Black or RedtoBlack?

[The Little Cheese]

Hi. Company is Red2Black

[postggj]

The Funding Co Use Red2black On Its Repo

Sign Nothing

Refuse To Give The Keys If They Try And Repo

If They Tow It, Let Them

 

They Will Then Have To Ay Back To You Every Penny You Have Paid And You Get To Keep The Car As It Will Be Classed As A Gift

[The Little Cheese]

Hi Postggj

Sorry for the delay, scanner problems. The letter of voluntary letter is attached. I dont know if its important but their letter had the registration number left blank. Many thanks

VS 1.pdf

VS 2.pdf

[postggj]

The Only Thing I Can Say On That Letter Is

 

Sod Off Red2black

 

They Need A Court Order For A Repo, And They Know It

 

Ask Them For A Settlement Figure As In Post 12

 

That Would Be From Ge Not Red2black

Phone Them And Back It Up By Letter By Recorded Delievery

[The Little Cheese]

Thanks for the advice. Is it worth sending letter 13 as they have defaulted by not responding to my CCA request?

[postggj]

Confirm That You Sent The Cca Request By Recorded Delievery

And You Can Inform Them They Are In Default Of Your Cca Request

[The Little Cheese]

Thank you. I will send the letter 13 and offer them a payment arrangement that they will hopefully accept.

[postggj]

Try The Payment Plan

Remember

No Cca, No Enforcement

They Cant Repo With Out A Court Order

 

Keep Me Informed

[2Grumpy]

The Funding Co Use Red2black On Its Repo

Sign Nothing

Refuse To Give The Keys If They Try And Repo

If They Tow It, Let Them

This is a loan, not HP

 

Shouldn't the advice be: "if they tow it; call the police & report the theft"

 

They Will Then Have To Ay Back To You Every Penny You Have Paid And You Get To Keep The Car As It Will Be Classed As A Gift

 

Except that you would have to try to get the car back from them. I suspect that they might be very good at hiding things, making confusion, having a bouncer stand in your way etc. I suspect that you would have to take them to court to get the car back