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Car finance agreement terminated, wanted to VT told no


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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 ,,,

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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 don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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