I want to VT but need some help - credit4cars

[j3lly]

Nearly 2 weeks has passed & have heard nothing more from them other than the first email, no phonecalls or letters from them at all, should i chase them or leave it a bit longer?

[Peterbard]

Hi Is the car currently on your premises ?

[theoldrouge]

and what date does the agreement terminate?

[j3lly]

The termination notice says 14 days from date of notice which is dated 16th feb, they recieved & replied by email (below) on 17th feb

 

"I am sorry to hear that you wish to return the vehicle and exercise your right to terminate the Credit Agreement I do need to bring to your attention the following.

 

Under section 99 of the Consumer Credit Act 1974 relating to terminating your agreement you are liable for 50% of the total amount payable less any payments already received. Also as per your agreement there is cost of £100.00 as your contribution towards recovery of the vehicle should you decide that you will not be returning the vehicle personally as per the Terms & Conditions of your contract.

 

If you are unable to pay the £100.00 recovery fee this will be added to any balance outstanding which if necessary we will look to recover through the necessary legal channels.

 

We are not liable for any fines or fees attached to the vehicle whilst the vehicle remains in your possession.

 

Please confirm your decision so we can start the process by return email"

 

Hi Is the car currently on your premises ?

Its on road outside my house

[theoldrouge]

have you followed up with dodgeball,s suggested letter as above?

[j3lly]

I emailed it to them word for word pretty much as dodgeball had written, on 17th in responce to their email

[theoldrouge]

resend that letter, reminding them that the vehicle is their responsibility as from March 2, as the agreement with them has terminated

[Peterbard]

Yes I think it is a case of holding your nerve, when you re send the letter repeat that you are no longer under any obligation to make repayments under the, terminated contracts, and that any damage or cost arising due to them not recovering it will be referred to them.

I think i would get one of the advisory services in the loop, just to record what is happening as an independent observer My first choice would be National debtline or CAB.

[j3lly]

Thank you guys will keep you updated

[j3lly]

No update as still heard nothing back,

 

where do i stand with cancelling insurance & tax?

 

Its currently taxed & insured as its parked on road but ideally want to cancel these

 

now im just worried as its still registered with dvla under my name

 

i dont want any fines

 

can i just inform dvla the car is no longer mine?

 

I read on a fb page that some people had received letters from credit 4 cars

asking them to change their standing orders to a company called avelo limited,

but i havent received anything

[dx100uk]

if the car is on the public highway it MUST be taxed and insured

 

 

get it on a private drive/road

 

 

and you can cancel the lot

[j3lly]

I dont have anywhere else to put it so will keep it taxed & insured for now thank you

[j3lly]

I have this morning recieved a noticed of assignment

 

"This letter constitutes notice to you that C4C has assigned all of its present and future right, title and interest in and to your agreement to avelo limited.

 

Further, avelo have now appointed shoosmiths LLP to manage your account and have passed your details to them."

 

Does my vt still stand i dont need to restart the process do i, i just inform shoosmiths of the vt?

[theoldrouge]

Yes your VT does of course stand. the agreement has been correctly terminated by yourself

 

When contacted by the new owner or shoosmiths you have the full paperwork trail to present to them

[j3lly]

update & in need of a little more help...

 

My partner phoned me on 31st march to say a guy has turned up to collect the car,

i was at work so said just give him the key and dont sign anything and that i thought was the end of it.

 

Today i recieve a letter from shoosmiths saying im over £3k in arrears

i phone them they have asked me to email copy of terminatiom notice,

copies of emails discussing the termination

and also copies of the paperwork left by the guy who collected the vehicle,

they have no record of termination or collection of vehicle,

i have all this info so thats not a problem

 

when giving her a timeline over the phone she said that the termination notice wouldnt have been valid anyway as i needed to give a months notice not the 14 days i gave, have i messed up?

[dx100uk]

no you VT'd

 

you really shouldn't be talking on the phone

all they are interested in is spoofing money out of you

by saying things on te phone

they'd never put in writing.

 

hope you took loads of photos before you let it go as advised?

 

also don't let them spoof you on repo fees either.

 

dx