defaulted car loan with The Funding Corps

[little_evo]

Hi all, sorry if this sounds jumbled up, but i am in quite a state.

 

I have just had 2 telephone calls from an Agent from 4 Point Financial Services about repossesion of the car.

 

Firstly my wife answered the phone and asked who it was, they would not say who they were and what they wanted, it ended up in the "agent" swearing at my wife.

When i called, i barely got his name and who he was "supposed" to work for. (He said he worked for quite a few companies)

He informed me he worked for "4 Point Financial Services" and that he was coming round to cease the car or to pay an unpaid debt. He informed me he worked for a "number of companies" of which i could not get any names or numbers so i could call and complain about his behaviour.

 

Now the unpaid debt, is being dealt with through the PPI claim and i called the originating lender of the finance (car) asking why they are sending our agents to my house, calling my telephone (I also asked the originating lender only to contact me through letter only and no direct callers or door stop collectors) when the claim is being dealt with through the PPI company. I was informed that they had not received any monies for a number of months, although i have been sending in AB I1 forms to them. They also informed me that the finance is now closed and they want to recover the car or the loss of payments. I asked them if they had contacted the PPI company as to why, and they told me they do not do that and that i should intervene.

 

Now...can they just come and collect the car as the agent said or is there something i can do?

 

Little worried and worked up

[MARTIN3030]

If this IS the company you refer to then here is some info.

This is info which is all available in the public domain.

 

 

 

 

 

CCA Search :: CCA Search Results :: Licence Details

 

Application / Licence Details

 

 

 

 

Licence Number:0528381

Licence Status:Current

 

Current Applicant / Licensee:

 

Business NameCompany Registration Number 4 Point Financial Services Limited4558515

 

Categories:

 

Consumer credit Consumer hire Credit brokerage Credit reference agency Debt adjusting/counselling Debt collecting

 

Right To Canvass Off Trade Premises:Yes

 

 

Issued Date: 07-Dec-2002

Expiry Date: 06-Dec-2012

 

 

Legal Formation:

 

Body Corporate (incorporated inside UK)

 

Authorised To Receive Documents:

 

Name Charles Curtis Greasley

 

Current Individuals that run the organisation:

 

NamePosition Charles Curtis Greasley Jason Francis Greasley

 

Historic Individuals that run the organisation:

 

NamePosition Adrian ScottOFFICER Charles GreasleyOFFICER

 

Nature of Business:

 

Investment/Financial Advisers

 

Current Address(es):

 

Address TypeAddress Accept Notices/Documents17, Upper Aughton Road, Birkdale, SOUTHPORT, Merseyside, PR8 5NA Correspondence17, Upper Aughton Road, Birkdale, SOUTHPORT, Merseyside, PR8 5NA Principal Place Of Business17, Upper Aughton Road, Birkdale, SOUTHPORT, Merseyside, PR8 5NA Registered Office17, Upper Aughton Road, Birkdale, SOUTHPORT, Merseyside, PR8 5NA

 

Historic Address(es):

 

Address TypeAddress Correspondence17, Upper Aughton Road, SOUTHPORT, Merseyside, PR8 5NA, United Kingdom Principal Place Of BusinessNo 2, 14, Cambridge Road, Southport, Merseyside, PR9 9NG Principal Place Of BusinessOffice 7d, Blowick Business Park,, Crowland Street, Southport, Merseyside, PR9 7RU Registered OfficeNo 2, 14, Cambridge Road, Southport, Merseyside, PR9 9NG Registered OfficeOffice 7d, Blowick Business Street, Crowland Street, Southport, Merseyside, PR9 7RU

Edited October 12, 2009 by MARTIN3030

[MARTIN3030]

4 point financial are members of the Credit Services Association.

As such they are required to be seen to uphold codes of conduct and working practices.A breach of that is a breach of the Unfair trading regs 2008.

 

perhaps you should email their Mr.Greasley and remind him that.(Again if it IS the case that the person calling you DOES represent this company)

 

 

4Point Financial Services Limited

 

Services: Consumer Debt Collection, Repossessions, Tracing, Other

Contact: Mr C Greasley

Email: [email protected]

Website: www.4pointfinancialservices.com

Telephone: 01704 569097

Address: PO Box 563, , Southport, PR8 9AH

Edited October 12, 2009 by MARTIN3030
Typo

[MARTIN3030]

If he has any problems remembering them.....perhaps you can enlighten him.

 

 

This code is now the benchmark for Best Practice in the industry, assuring quality and professionalism in the services members provide.

Members should:

 

• Conduct business lawfully
  
• Conduct dealings with debtors in a fair and reasonable manner
  
• Maintain a high standard of business practice
  
• Compete in a fair and reasonable manner
  
• Ensure all staff are provided with adequate training
  
• Not discriminate
  
• Protect the reputation of clients
  
• Remit monies collected regularly to clients
  
• Not knowingly misrepresent qualifications, experience and abilities
  
• Handle debt cases in a fair and reasonable manner
  

[dx100uk]

me thinks you need to give your ppi reclaim co a kick up the backside and tell them to get on with it....or do it yourself.

 

have you sent the a/c in dispute letter?

if not do so.

 

if the a/c is in dispute then collection activities must cease.

 

who is the o/c?

 

dx

[MARTIN3030]

Thanks DX -will post in DCA forum for now and see if other peeps have had dealings with these.

[little_evo]

Hi all thanks for the input, will certainly give the above mentioned an e-mail as their "officer" falsly claimed who he was working for. It was only till i called the O/C that they gave me the "true" name of the company this person worked for.

 

Just a thought, (blind question i know but..) Even though the account is with the PPI company, will i still be charged "agents" (I presume by calling themselves agents, they mean baliffs or debt collectors) fees on the account?

 

Thanks once again for the knowledge and input

[cymruambyth]

They may charge fees, but whether they are legally entitled to them or can claim them is another matter.

[little_evo]

The reason why i asked is because the account is now with the PPI company and they are paying the finance to the original finance company...who appear and have said "they are closing the account and cannot wait any longer", hense the 2 seperate "outside agents" (baliffs???) contacting us over the last week or so.

[cymruambyth]

Hi, unless they have been to court and got a judgement against you, they cannot be bailiffs. They may be DCAs who are trying to intimidate you in to payind.

[little_evo]

Thank you cymruambyth for clarifying the difference to me. I was a little worried as the phone conversation i had last night seemed like it was from a Baliff. Also the person who called several times last night, failed to give us the correct company of which he said he worked for. Is this legal? He basically left out words of the company name, misleading us, and leading us to beleive he worked for someone else.

 

Thanks again for your input

[little_evo]

Also..(sorry for the questions, but i need a foot hold so i know where i stand)...

 

can an "agent" clamp and take my car away as this is what is being claimed in the telephone conversation i had last night.

[cymruambyth]

I'm sorry but I have limited knowledge about car repossession. I think it is dependant on how much you have paid. Do you have your original agreement because I think this states an amount or percentage that has to be paid to'make the car secure'.

[dx100uk]

as advised, look at your agreement, how much have you paid? and is that passed the typical 1/3rd point where they cannot repossess without a court order?

 

if you feel you have, then make the car vanish for a bit.

 

who is the OC please?

 

dx

[Guest Old_andrew2018]

Bumping your thread, in the meantime park your car away from your home, personally I think the "agent" spouting Bu!! $h!t

Andy

[dx100uk]

duplicate threads merging

dx

Edited October 14, 2009 by dx100uk

[spookey]

Am sure someone will come along and advise....

They are some brilliant people on here with great help so don,t panic, although its hard not too, I still am lol. I,d definately do what old andrew says though and keep car safe

[gezwee]

No court order no car......they are talking sh*te

 

Hide it out of sight though cos they'll still try

 

Can you post up details of the OC, agreement and PPI policy.

[MARTIN3030]

2 threads merged.

[little_evo]

HI all thanks for the input. Just to update...The PPI company are now paying the finance on the car after missing payments for a number of months. However the O/L has i think got a DCA onboard to help recover missed payments, and the DCA company are now ringing all the time. (6 times so far today and counting!!)

 

Am i liable for the DCA fees even though the account is being held by the PPI company?

[dx100uk]

dca's cannot add fees!!

 

dx

[little_evo]

Thanks DX for the information, (that eases some of the worries!)

 

I was on the understanding that they could add fees. It seems that 2 DCA companies acting on behalf of the O/L are chasing me for a debt that has now been paid by the PPI company looking after the account since i was made redundant.

 

I shall await further phone calls from DCA later tonight as they always tend to ring last thing at night. I am tenmpted to answer their calls and give them what for now!!

[gezwee]

I shall await further phone calls from DCA later tonight as they always tend to ring last thing at night. I am tenmpted to answer their calls and give them what for now!!

 

Tell them you find it much easier to speak about personal matters away from the home and give them the number for the insurance underwriter to call you back on during the day......if nothing else it'll get those payments up to date a little quicker.

 

Gez

[little_evo]

Hi to all, thanks for taking the time to read my post.

 

A little information, i was made redundant late last year, purchased a car from Carcraft with added PPI (was told i had to have PPI or i could not have the car), called PPI up and they said they would start paying after 3 month wating period.

 

The finance company have had 2 payments since Oct last year, i questioned this, and have paid from 03-06 this year.

 

Now in a letter from the PPI company they say they need evidence from myself looking for work. I have looked through the policy and it doesn't state that they need evidence at all. I send them ABI1 forms fortnightly as proof that i am out of work and actively seeking work.

 

I called them this morning to question why payments had stopped and they have now said the underwriters need this information (evidence of looking for work) that is why payments have stopped.

 

Well i called the underwriters and they have no idea what is going on and have logged a complaint.

 

Are the PPI company trying to pull a fast one (as it were?) I send relevant forms from the job centre giving proof that i am out of work and actively seeking work, (surely this is sufficient evidence).

 

Also during the converation the CSA asked what i was doing to look for work, what kind of work i am looking for etc. Do i need to disclose to them what i am doing? (I did explain that by being on JSA i have to provide proof to the job centre that i am looking for work, otherwise i would not be entitled to benefits)

Any help or ideas would be appreciated.

[alanalana]

Hi to all, thanks for taking the time to read my post.

 

A little information, i was made redundant late last year, purchased a car from Carcraft with added PPI (was told i had to have PPI or i could not have the car) This is a reason for claiming the PPI was mis-sold, called PPI up and they said they would start paying after 3 month wating period.

 

The finance company have had 2 payments since Oct last year, i questioned this, and have paid from 03-06 this year.

 

Now in a letter from the PPI company they say they need evidence from myself looking for work. I have looked through the policy and it doesn't state that they need evidence at all. I send them ABI1 forms fortnightly as proof that i am out of work and actively seeking work.

 

I called them this morning to question why payments had stopped and they have now said the underwriters need this information (evidence of looking for work) that is why payments have stopped. Again they have obviously made payments when you have claimed and then found a reason to stop the payments and the reasons are not in your terms and conditions.

 

This seem to happen quite a lot they add on PPI making a lot of money but when you come to make a claim life gets very difficult. The do not want to have to pay out when claims are made.

 

Well i called the underwriters and they have no idea what is going on and have logged a complaint.

 

Are the PPI company trying to pull a fast one (as it were?) I send relevant forms from the job centre giving proof that i am out of work and actively seeking work, (surely this is sufficient evidence).

 

Also during the converation the CSA asked what i was doing to look for work, what kind of work i am looking for etc. Do i need to disclose to them what i am doing? (I did explain that by being on JSA i have to provide proof to the job centre that i am looking for work, otherwise i would not be entitled to benefits)

Any help or ideas would be appreciated.

 

Yes I believe they are trying as you say to pull a fast one

 

Sell the PPI make a shed load of money and if a claim comes in find an excuse to not pay the claims.

 

You IMO should get all of the data and paperwork if you do not already have this. If not ask for the data using this.

 

Full SAR for ppi when you send the PPI ask for::::

 

You can be specific with what data you request although the Subject Access Request is really asking for everything. The Statutory fee is £10.00 Postal Order is fine but keep the details of the number for future reference. The post office will be able to confirm when it was encashed (just call 01246 542091 they will even send written confirmation if you request it) Send all correspondence by at least recorded to be signed for so you can track delivery through Royal Mail

 

You should request the following documents:

 

A true copy of your Consumer Credit Agreement with the Terms and Conditions that were applicable at the time you took the loan/card/mortgage.

 

Copies of all statements applicable to the loan/card/mortgage.

 

Copies of all correspondence that apply to you as a data subject ie letters, emails, faxes etc.

 

Copies of all recorded telephone calls or transcripts of the recordings.

 

Copies of any notes made by bank/loan company staff in their dealings with you as a data subject.

 

Do not be fobbed off by them citing issues such as relevant filing systems.

 

If they have any records/data on you as a data subject and it is held under your name, address, post code, account number/s or any other system where the data is identifiable to you then it is a relevant filing system. Even if it is a specific serial number on microfiche records and the serial number is applicable to you.

 

See also the following links...

 

PPI - Some Notes for Claimants..

 

Mis-sold PPI? Want your money back? use these links to help

 

A lot of reading but useful stuff in the links to help you.

 

I would consider a complaint to the Financial Ombudsman Service for mis-selling the PPI.

 

A complaint to the Office of Fair Trading for a breach of trading standards.

 

A complaint to the Financial Services Authority for the failure to treat a customer fairly.

 

All the information on the above is in the Mis-sold PPI? link above.