Go Debt Ltd / DAF/Yes Car Credit Assistance

[gaz2k1]

Hi All,

 

Brought a car from Yes Car Credit in May 2004,

arranged with Yes Car credit to return due to change in circumstances in September 2004.

 

Debt was transferred to Go Debt, apx £6000.

Payment plan in place with my DMP and balance currently apx £1600.

 

Been paying this since 2004 to present date.

Looking for a way to end this and looking for best way to try?

 

I was missold the PPI on this agreement and was told i could not proceed unless it was taken,

PPI was also apx £1600.

is there any option to try with this?

 

This was just before the FSA came into effect in January 2005.

Also the deposit of £110 was subtracted from the Insurance / PPI section on the agreement not the Vehicle,

seen a few comments on here that this can have an impact on the agreement.

 

I have a copy of the agreement but have sent Go-Debt a CCA request.

 

Any Ideas / Best way to proceed?

 

Thanks.

[renegadeimp]

Youve been cash cowed BIG time.

[martin2006]

Scan up a pdf of the redacted agreement, lets have a look

[dx100uk]

how much have you been paying them PCM?

[gaz2k1]

Payment amount Varies due to previous debts being paid off

so been able to pay Go Debt more but currently £23.98 PCM.

[dx100uk]

total up your payments

 

sadly i suspect you've been had blind.

go debt = bad debt.

 

have you all the statements?

 

dx

[gaz2k1]

To date i have paid £3499.38 to go debt from the original £4962.19 leaving £1462.81 remaining.

 

My financial position is looking up and been working hard at it

 

and this is one of the last large amounts that i am trying to work on.

[martin2006]

I imagine by the time you reclaim the forced upon you insurance along with 12 years interest, it will easily clear the remaining balance and a few quid to boot tho any refund will offset whats owed first

[gaz2k1]

Martin, as the agreement was taken out pre 2005 I don't think I can reclaim the PPI Though?

[martin2006]

Oh yes you can, dont know where youve heard that but there isnt a limit to how far back you can go

 

Read here

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?318646-PPI-Single-Premium-Your-questions-answered

[dx100uk]

not so fast on that

 

ppi

gap

breakdown cover

19.9% APR on that lot

they owe you.

and why has the auction value not been taken off either.

ps..you paid £45PCM of every payment toward those

 

you owed 4602.92 for the car

you've paid £3499.38

leaves 1103.58

 

I bet they got more than that at auction for the vehicle

 

so you owe them NOTHING

stop payments now.

 

dx

[martin2006]

http://www.consumeractiongroup.co.uk/forum/showthread.php?145089-Help-Reclaiming-PPI-from-Direct-auto-finance

 

See the above re pre 2005

[dx100uk]

https://cse.google.co.uk/cse?cx=partner-pub-0964707606882478:652l7hswbgv&ie=UTF-8&q=direct+auto+finance+ppi&sa=Search+CAG#gsc.tab=0&gsc.q=direct%20auto%20finance%20ppi&gsc.page=1

 

however as I said

you owe nowt

stop payments

and let them take you to court

 

they'll lose hands down and they know it

 

end of the problem

[gaz2k1]

in regards to the comments about the car auction value being taken of this final value

according to the attached letter this was already taken off the amount prior to the debt being passed to go debt.

 

I will write to Direct Auto Finance and request a refund of the PPI that was mis-sold.

 

I will also instruct my DMP to stop making payments to go debt

but does anyone know a template letter i could send to Go-debt

to tell them not to expect any further payments and the reasons behind this?

Edited March 28, 2016 by dx100uk
pdf shunk from 10Mb to .5Mb - dx

[renegadeimp]

Who is your dmp

[gaz2k1]

My DMP is with Debt-Line which was brought by Lawrence Charlton.

 

I have a few debts assigned with them but slowly getting these closed, and dealing direct.

 

That was the last letter i received from Yes Car Credit before it was handed to Go-Debt,

when the threats of court action was taken, etc. I was younger and nieve so assumed i had to pay.

 

My credit was poor to say the least but now getting back on top and querying all my accounts with CCA requests,

reclaiming PPI and even had some success with getting accounts removed from my Credit File.

[renegadeimp]

Ditch that dmp. They're cash coming you. The money you pay them could be used to pay your debts, and they will NEVER Challenge your creditors on the debts validity

[merlin100]

Hi gaz2k1,

definitely go for the PPI refund,

if you paid £1600 that long ago you will be in for a very sizable refund.

 

Ive just got £1706 from Citifinancial from around 15 years ago.

 

I also got £180 from Barclay's for £24 PPI that was applied to a credit card

from around the same time.

 

Im on a roll now and there are claims flying everywhere!

[dx100uk]

you write or sar the DMP providers

and demand the full & final pot they have amassed back too.

 

 

dx

[dx100uk]

not so fast on that

 

ppi

gap

breakdown cover

19.9% APR on that lot

they owe you.

and why has the auction value not been taken off either.

ps..you paid £45PCM of every payment toward those

 

you owed 4602.92 for the car

you've paid £3499.38

leaves 1103.58

 

I bet they got more than that at auction for the vehicle

 

so you owe them NOTHING

stop payments now.

 

dx

 

now we know the auction cost is already include

 

so

you owed 4602.92 for the car

you've paid £3499.38

leaves £1103.58 is correct

 

you need to do a spreadsheet now for the insurances.

 

you paid £171.61 every month [your PCM]

of that £43.75 was for the insurance

therefore:

43.75/171.61*100=25.5%

 

so everytime you paid them anything

25.5% was for the insurance

 

if you have a list of what you paid and when

you can enter every ins payment into this sheet

 

This first spreadsheet is the latest version of the statutory interest calculator and is used for Single Premium PPI cases. It can also be used where rollover PPI is involved, i.e. a new loan re-financing a previous one and where PPI is included in one or more loans. It can also be used for S69 redress calculation on any sum, like on a closed/frozen interest PENALTY charges claim.

 

StatIntSheet v101.xls

 

I would not be writing to anyone

stating you have ceased payment nor wish the PPI back until you get the spready done

[gaz2k1]

I have got the SAR request ready to go but don't know where to send this.

 

I don't want to ring them as i want all in writing

 

their website does not exist any more (Go-Debt) and

 

i have emailed them a few days ago asking for a postal address

(Have previously received replies from this address) but not yet received a response.

 

In the mean time i have requested though my DMP company to stop payments. Any more i can do at this stage?

[dx100uk]

request?, demand they stop all payments

cancel your DD to them

and demand the pot they hold returned.

 

as for go debt

 

look them up on the FCA companies check website

if they are still registered

use that address

[theoldrouge]

Go Debt taken over by TBI send SAR to the dmp data controller

 

 

 

http://www.credittoday.co.uk/article/17876/online-news/niche-debt-purchaser-acquires-go-debt

[dx100uk]

urm...debt buyers we know well...

 

 

https://cse.google.co.uk/cse?cx=partner-pub-0964707606882478:652l7hswbgv&ie=UTF-8&q=TBI+Financial+Services&sa=Search+CAG#gsc.tab=0&gsc.q=TBI%20Financial%20Services&gsc.page=1

[gaz2k1]

Guys, thank you.

 

I have cancelled all payments to Go-Debt now. I have also sent the SAR request to Go-Debt now have the address, but also received the CCA request from them which i emailed last week. Does this look above board until i receive the SAR?