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    • If you're set on pursuing the receiver then a complaint to his governing body (if any) might be a sensible low risk first step. You need to confirm what qualifications he actually has. I don't believe an LPA Receiver necessarily needs to be a licensed insolvency practioner, although he may be. Or he may a chartered surveyor. I note you say "LPA" and "fixed charge" receiver, but aren't those two different appointments with different remits? What relevant powers are given in the mortgage terms and security? Or if that's unclear then how was the appointment described to you? Ducking back to the comment I made earlier, you consulted a solicitor who advised a claim against the receiver. How did he advise that you do so?   Some background reading (accepting it's from 2013 and you may be working off more recent preceded overturning this) .. LPA receivers owe very limited duty to borrowers; a reminder WWW.WRIGHTHASSALL.CO.UK As lenders rely more and more on their powers to appoint an LPA Receiver, a recent case has clarified the Receiver’s obligations, both to the lender and its borrower.  
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    • Thank-you dx, What you have written is certainly helpful to my understanding. The only thing I would say, what I found to be most worrying and led me to start this discussion is, I believe the judge did not merely admonish the defendant in the case in question, but used that point to dismiss the case in the claimants favour. To me, and I don't have your experience or knowledge, that is somewhat troubling. Again, the caveat being that we don't know exactly what went on but I think we can infer the reason for the judgement. Thank-you for your feedback. EDIT: I guess that the case I refer to is only one case and it may never happen again and the strategy not to appeal is still the best strategy even in this event, but I really did find the outcome of that case, not only extremely annoying but also worrying. Let's hope other judges are not quite so narrow minded and don't get fixated on one particular issue as FTMDave alluded to.
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Car finance for deceased dad


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Hi All

 

first time on her so please forgive my mistakes (if any :|)

 

2011 due to marriage breakdown I had to move asap and leaving everything behind I needed a car. Long story short I went to carcraft, had bad credit but they told me if I had a "pensioner" who owned own home it was guaranteed finance. My dad was 71 partially blind and deaf but owned his home so (after 3/4 hours) finance was sorted out. I told them that dad had no driving licence (he has never had one) and the car was for me and they said no probs got dad to sign finance etc and my details for car. When registration docs came through car was registered in DADS name!!. contacted carcraft and they said normal procedure but just get it transferred into my name!!! Anyway eventually did and I transferred the monthly payments from my account to dads account as creation refused to transfer as finance was in dads name (understandable) Sadly my dad died on Christmas eve so I contacted Creation to advise and they registered death and said they did not do PPI so was I going to return car? Informed them that dad had no Estate assets and sent copy death certificate and not heard anything from them. Dad took equity release on his house before car was bought so after debts paid there are no funds left to pay off finance. I still have car and cannot get finance to pay off loan so not sure what to do now

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Hi All

 

first time on her so please forgive my mistakes (if any :|)

 

2011 due to marriage breakdown I had to move asap and leaving everything behind I needed a car. Long story short I went to carcraft, had bad credit but they told me if I had a "pensioner" who owned own home it was guaranteed finance. My dad was 71 partially blind and deaf but owned his home so (after 3/4 hours) finance was sorted out. I told them that dad had no driving licence (he has never had one) and the car was for me and they said no probs got dad to sign finance etc and my details for car. When registration docs came through car was registered in DADS name!!. contacted carcraft and they said normal procedure but just get it transferred into my name!!! Anyway eventually did and I transferred the monthly payments from my account to dads account as creation refused to transfer as finance was in dads name (understandable) Sadly my dad died on Christmas eve so I contacted Creation to advise and they registered death and said they did not do PPI so was I going to return car? Informed them that dad had no Estate assets and sent copy death certificate and not heard anything from them. Dad took equity release on his house before car was bought so after debts paid there are no funds left to pay off finance. I still have car and cannot get finance to pay off loan so not sure what to do now

 

 

 

Hi welcome to CAG,

 

 

Has your fathers house been sold by the equity release company?

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Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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Hi welcome to CAG,

 

 

Has your fathers house been sold by the equity release company?

 

Not yet, we are in the process of getting valuations done. The car was financed over 4 years in early 2011 and payments were made up to March this year. The agreement was not a HP agreemint so I was really surprise when I was told there was no PPI as my dad was 71 when he took out the loan !

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Not yet, we are in the process of getting valuations done. The car was financed over 4 years in early 2011 and payments were made up to March this year. The agreement was not a HP agreemint so I was really surprise when I was told there was no PPI as my dad was 71 when he took out the loan !

How much is outstanding on the finance?

I don't think your late father would have qualified for PPI.

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Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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I don't know, I have contacted creation finance a few times. First time they wouldn't speak to me until I sent death certificate and when I did and tried to speak to them again the representative didn't have a clue what would happen he just kept saying are you ringing to arrange to return the vehicle so I gave up and wrote to them asking for a redemption figure. This was in January but have not had anything back from them apart from acknowledgement of death certificate.

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If the car finance was a fixed-sum loan they cannot expect the vehicle back as the money was not secured on it. They would need to make a claim from the estate like anyone else - if there is no money left in the estate they'll have to move on.

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I don't know, I have contacted creation finance a few times. First time they wouldn't speak to me until I sent death certificate and when I did and tried to speak to them again the representative didn't have a clue what would happen he just kept saying are you ringing to arrange to return the vehicle so I gave up and wrote to them asking for a redemption figure. This was in January but have not had anything back from them apart from acknowledgement of death certificate.

Typical Creation anything out of their routine completely phases them!

 

 

I would suggest a Formal Complaint now, address it to Jaques Darrigade Director, use signed for post.

I don't think you'll get anywhere with customer (dis) service.

If you need help please let me know.

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Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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If the car finance was a fixed-sum loan they cannot expect the vehicle back as the money was not secured on it. They would need to make a claim from the estate like anyone else - if there is no money left in the estate they'll have to move on.

Defo fixed term.

 

 

Which is why Creation has gone quiet.

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Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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Yes I have checked the agreement and it is deffo a fixed term. I will do as you have said and write to the director. Thank you for your help and advise and I will update when I get a reply (if any)

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Yes I have checked the agreement and it is deffo a fixed term. I will do as you have said and write to the director. Thank you for your help and advise and I will update when I get a reply (if any)

Good Luck!!

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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  • 3 weeks later...

Hi all by way of update I wrote to Creation on 26th August 2014 and have still had no reply.

 

 

Should I just leave it? Also if they do not intend to proceed will I have difficulty if I ever want to sell the car, will it show as having o/s credit against it ?

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