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[tara2099]

Hi I am looking for some advice please.

I took my car finance or should I say my dad took car finance out for me with welcome finance back in 2005. The car was then mine and was registered in my name. Monthly payment was first set at £170 a month which I continued to pay for the first few months but found it very difficult. My dad and I went back to welcome who agreed to lower the payments to £80 a month which I paid for 3 years. The cost of the car was £3500 and the finance totalled £9000 to pay back! I asked in 2008 for a settlement figure and received a letter back saying amount still owed was £8000! As you can imagine this was abit of a shock as id been paying for 3 years at £80 and a couple of months at £170. I however started to default on payments due to losing my job and being unable to afford it and was told by them they were not willing to lower the payment again as they had done this once be4 3 years ago.

I also noticed on a break down of costs they sent me that i had been charge £10 per letter sent and also £50 per house visit of which there were 3 listed! I question this as noone had called at my home at all. I asked for the address these home visits had been made to and was given and address I hadnt lived at for 3 years. I asked them why this was and was told this is the only address they have listed for me my reply to that was how were they sending letters to my present address in that case! They could not answer this!

Anyway they have recently taken the car back and I was told I would be liable for anything monies outstanding after the sale of the car. Its been 4 months now and ive heard nothing. I might add it also took them a year to actually come and fetch the car!! Total joke this company!

Can you just advice me on what I should do if Welcome do come back to me demanding out standing balance?

Hope you can help. Thanks

Edited October 26, 2009 by tara2099
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[postggj]

Evening Tara

Welcome To Cag

 

Now

 

First Of All

Did Welcome Do A Repo On The Car

[tara2099]

Hi and Thank you!

 

Yes they did repossess the car in July 09

[postggj]

Well Then

 

Ill Give You The Good News

 

Looks Like Its An Ilegal Repo

 

Did You Get A Default Notice

Termination Notice

A Letter Saying They Were Going To Repo The Car

 

WHEN YOU LOWERED THE PAYMENTS, DID YOU SIGN A NEW AGREEMENT

[tara2099]

No I never received anything in writing about repossession of the car it was all done over the telephone.

But yes a new agreement was signed for lower payments.

[postggj]

I Need You To Scan The Agreement Into Your Computer, Then Deleate Personal Details But Leave In The Figures

 

To Upload Onto Your Thread, Google Photobucket

 

Use The Upload Link For Message Boards With out Thumbnails To Post

 

Any Probs And Ill Help Out

 

Do You Still Have Your Agreement/the Re-written One

[tara2099]

Yes I still have copies of both agreements and will get them on here as soon as I can.

Thank you

[postggj]

Did You Get A Default And/or Termination Notice