Jump to content


Bellabunty

Car finance agreement terminated, wanted to VT told no

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2512 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Is there anybody that knows about car repossession in Scotland.

 

I phoned the finance company in march after missing 1 direct debit .

 

I explained that my circumstances had changed and that I was struggling to make the payments.

 

I asked if I could extend my loan of a longer time to reduce the payments & I was told no .

 

I asked if they would be refinance me if I traded my car in for a much smaller & cheaper car again I was told no.

 

I asked if I could give the car back & I was told I could not give the car back because I was in arrears .

 

In total I had paid including £3500 deposit totalled to £8500 .

 

I cancelled my direct debit I'm may .

I felt that I had no other option.

I couldn't afford it & I didn't know what tense to do.

 

Meantime my business was failing , my health was failing & the stress was indescribable .

I buried my head in the sand .

I tried to sell my car to garages but I was not offered enough to pay off the finance and the arrears .

 

I phoned the company asking for advice but the were unsympathetic & cold .

again I asked if they would take the car back , again "no" was the answer.

I received letters stating that I had to pay or the car would be taken back .

After more phone calls someone said to me that I could give the car back & I would only be liable for the the shortfall of the money after the the finance company sold it,

this was in October , so why wasn't I told this earlier.

 

Well they said that I was , only the way they had told me , I think was wrong.

 

I was told months ago that I would have to pay the arrears before they would take the car back .

Which I have now been told that I would have to pay the money after the sale.

 

I have been through months of stress .

 

I have paid £8500 , I owe £6776.88 .

 

Can the finance company repossess the car in Scotland ,

 

please help ,,,

Share this post


Link to post
Share on other sites

look on the reverse of the agreement.

 

it will tell you the VT levels.

 

have you paid more than 50% of the finanace minus arrear,

ignore any penalty charges

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

Share this post


Link to post
Share on other sites

 

Can the finance company repossess the car in Scotland

 

 

If the agreement was made in Scotland they can only repossess with a court order, however much you have paid,


Love your enemies - it drives them crazy.

Thanks to Bobby Thompson (1911-1988) for the user name:"Let them knock, the paint lasts longer than the skin".

nec temere nec timide

 

So far, all done free for friends:

Cabot - F&F reduced debt by £7700 (70%)

NatWest - PPI claim - £1,800

NatWest - PPI claim - £6,200

NatWest - PPI claim - £3,000

Co-op Bank - PPI claim - £5,200

Halifax - PPI claim - £2,800

NatWest - debt identified as statute barred - £1,900

NatWest - debt identified as statute barred - £2,700

NatWest - loan identified as unenforceable - £13,400

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...