Jump to content

 

BankFodder BankFodder


stuggling

Specialist Motor Finance Ltd Car HP - behind by 2mts, have DN - manager after repo.

style="text-align:center;"> Please note that this topic has not had any new posts for the last 752 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

Got finance last September for my car,

I lost my job in December and it was a struggle but all up to date,

but in June my partner started a new job,

we had no money for 5 weeks and got to arrears by 2 months.

 

I got a default notice and I called have explained why and made a payment towards it and set up a plan towards arrears.

This was all ok,

 

just had a call to say a manager has cancelled the plan and wants a payment of £558 by Tuesday 18 or they come take car away,

I told them I can't afford that and to carry on paying £180 a week towards account and clearing the arrears and bring payment back up to date.

 

They have refused this, and given me till 18th to pay!

Really not happy about this as all was ok on Tuesday and Wednesdays when they called.

Share this post


Link to post
Share on other sites

what type of agreement please

how many months in of the total are you?

 

 

dx


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

 

Share this post


Link to post
Share on other sites

lets guess moneybarn...:wink:


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

 

Share this post


Link to post
Share on other sites

Specialists motor finance, funding corporation it's a 5 year hp agreement and im 11 months into contract :(

Share this post


Link to post
Share on other sites

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

 

Share this post


Link to post
Share on other sites

yeah paid under half and yep that's them, I dont see a bill of sale with documents just the loan agreement

Share this post


Link to post
Share on other sites

I have a sales invoice

Share this post


Link to post
Share on other sites

do you want to keep the car?

 

 

dx


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

 

Share this post


Link to post
Share on other sites

Ideally yes

as from August 8 we'll be in a better financial place to afford it,

 

it's needed to get my partner to work and my children to school as one of our children has high anxiety so struggles to get to and from school

Share this post


Link to post
Share on other sites

well the bottom line here might be a time order.

 

thers no real worth in the 50% VT option that's been mentioned anyway

that's if you don't want he car.

 

you've not paid 1/3rd yet, so your options are rather limited other than a time order

as the car is not yet classed as protected goods.

 

have they actually written yet hinting at them wanting the car or going to repo?

other than the managers willy waving?

 

you say £180per week!

 

if you get 2mins

can you scan up the agreement to PDF please

 

read the upload

 

 

a bumpy ride but a worthy read:

http://www.consumeractiongroup.co.uk/forum/showthread.php?454728-The-Funding-Corporation-Reduced-payments


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

 

Share this post


Link to post
Share on other sites

They sent a default notice and I paid money off it and was assured that didn't matter anymore but today was told it did.

 

I'll upload everything I have tomorrow, when I can thank you I'll give that a read now

Share this post


Link to post
Share on other sites

was the DN for arrears or the full outstanding amount

and was it a DN or was it a NOSIA

 

 

oh and watchout of all manner of penalty fees they are adding for phonecalls/letters/ etc

they cannot be included in any DN total as they are not part of the actual debt.

invalidates the DN


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

 

Share this post


Link to post
Share on other sites

It is for arrears but if don't pay by 16 then full amount or repossession but they have extended to 18th.

 

There late fees are ridiculous and every time I call to pay they charge me £2 debit card fee

Share this post


Link to post
Share on other sites

They is an extra £0.06 on top of 2 months balance

Share this post


Link to post
Share on other sites

no I meant late fees

but that's stupid £2 for a debit card.

now you say you pay this weekly?

 

did the DN give you a CLEAR 14 days from its date to date you must pay?

 

can you scan your agreement up please to PDF

follow the upload

 

and have you an upto date statement


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

 

Share this post


Link to post
Share on other sites

just sorting out scanning documents now,

sent out on 30th June 2017,

this was the date i was due to pay the second month missed.

 

im offering to pay weekly and no latest statment as not due till september

default 30:06:17.PDF

Share this post


Link to post
Share on other sites

urm so both SMF and TFC use the same building and the same staff..

leave this with me

they've sent a default notice after the 2nd missed payment..urmm.should be the 3rd if my memory of the act is correct.

 

and those dates are very close 30th june 16th july hope it was sent by 1st class post

have you still the envelope?

 

more latter


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

 

Share this post


Link to post
Share on other sites

No nothing :(

Share this post


Link to post
Share on other sites
No nothing :(

 

Scrap that I may, I'll look in bill cupboard when home

Share this post


Link to post
Share on other sites

checked cupboard and nothing :( but default notice was issued on the actually date second payment was due didn't even give 1-2 day le-way

Share this post


Link to post
Share on other sites

read me


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

 

Share this post


Link to post
Share on other sites

That's a very interesting read, so shouldn't have had the default notice as not 3 months in arrears so on Tuesday when I call to make payment I won't say nothing, but I will be sending a lovely letter to say about the cca rules

Share this post


Link to post
Share on other sites

cant for the life of me keep thinking why you phone these fleecers?

do it by your banks interweb portal


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

 

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...