Jump to content



the funding corp worst company ever!!!


Please note that this topic has not had any new posts for the last 2042 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

  • Replies 420
  • Created
  • Last Reply

Top Posters In This Topic

Someone else who has tried to contact Mr Nick (one day ill manage to pop my) Cherry.

I had the misfortune of talking to him, and if you think the staff are rude (which they are) he takes the biscuit. Arrogant little so and so, well ive finally got my Legal Aid in place, and the Case report has been sent to TFC, they have not replied, but more important, i have not paid them a penny for 4 months now and had no word of contact from them lololol.

Something tells me TFC are now knowing what people power does.

I have been told, not only will my £14000 get wiped clean and legal costs covered but also, through non compliance on TFCs part, my legals are claiming the £5500 ive already paid too.

OH HAPPY DAYSSSSSSSSSSSSSSSSSSSSSSSSSSSS.

 

 

Hi.nish40.great news were just waiting to see if stephenson take our case on as a NWNF against tfc.just take them to the cleaners.

Link to post
Share on other sites
  • 4 weeks later...

we have also had problems with these muppets as someone called them the only trouble is that they came without tell

ing us they were picking the car up so we havent got the car and we have had the calls we had to change our phone number because we got so sick of it but i will insisted go to see a solictor as we have and see if they take it on we didnt even know this site exsisted until 29th jan but for us it might be to late to get the car back but it might not be for someone else

Link to post
Share on other sites

Hi all TFC lovers.

 

NISH so glad to hear that you are finally getting somewhere and good luck with the rest of it.

It has been a while since we last commented about TFC muppets, but I was just browsing through the consumer site and though I would come on here for curiosity.

We haven't faired so well.............. Trading standards were very good to us and picked up errors on our paperwork regarding the money sums as they didn't add up. Unfortunatley Stephensons Solicitors were not so good and couldn't see the errors, and didn't give us an explanation as to what they assumed this large sum of money was that TFC had put on .

Although they (stephensons) might have been good for other TFC lovers they didn't help us despite the fact that other people have checked our paperwork and come to the same conclusion as TS and ourselves. Also we do feel that our case isn't as bad as some on here so maybe our problem wasn't big enough.

Anyway after complaining about all the harrasing telephone calls fom TFC day and night constantly to them and other various organisations and getting nowhere, we got the better of them in more ways than one.

We changed our telephone provider and number (and didn't inform TFC), we changed our bank and we set up a Standing order with the new bank and not a direct debit. We were advised against settng up a direct debit facility for payments to TFC because of their conduct. The standing order puts us in power as we now control the payments to them and not the other way around. So at least we did get 2 things over them for a change.

My life was at a very low ebb over these guys and the whole thing made me quiet poorly, hence the time lapse since my last post.

Myself and Hubby are convinced that this company will keep going despite all the complaints, court cases etc that are happening because nobody wants to close them down, even though this should be the conclusion. We can't all be wrong and TFC are well known to Trading Standards in all regions, for their underhanded trading, rudeness, arrogance, etc etc.

My message to you all is GOOD LUCK.

 

Stitch

Link to post
Share on other sites

Hi all, well its been quiet for a while her, but over the last week it's been pretty fun.

 

Ok well firstly, i got a call from the Idiot Corporation at work, the lady called Lyndsey was very rude, and would not let me speak.

When she had finished waffling on about catching up payments bla bla bla, i started to inform her that the loan was deemed unenforcable by my solicitor.

To this she stated my solicitor was useless and knew nothing about finance law and it was enforcable and i had to pay up..... i said no.

I thought she had hung up, but she must have put it on silent, cos when i put the works phone down, and 5 mins later tried to dial out, she was still there saying "i wont be hanging up till you make a payment", so after i asked was she working continuously for the next 18 hrs, i put it down, picked up STILL THERE.

Anyway this went on for 45 mins till i rang my solicitor on my mobile.

When he answered i picked the works phone up and held it to my mobile, and my solicitor got a mouthful, needless the lovely lady from TFC quickly hung up when i told her who she had spoke to.

2 days later, at 8 oclock just as corrie ended, theres a knock at the door, opened it, and a man from EXCEL COUNSELLING SERVICES was there, sent by..... The Muppet Corporation.

In fairness he was ok, independent to them, and after i told him the case, he went said he would not call again even if asked, he was a nice guy, and no kick offs.

Well i since found out, that my case has now got advanced funding, and Barristers are now pouring over it to start legal proceedings.

I have reported them to ofcom about contacting my work, and i have made my statement to my solicitor, so ill let you know how i get on. Talk soon peeps.

 

P.S. Stitch im pm ing you

Link to post
Share on other sites

Hi we got finance for a car from TFC 2 years ago and unfortunately it was in a no fault accident and written off 6 months after we bought it. We had PPI and GAP insurance which we were told would cover everything if there was an accident and we would not be out of pocket. The insurance company paid out promptly and we thought that we the end of it. No, we then got a letter some 8 months later stating we still owed them over £4,000. When I rang to ask them about this I could not get a straightforward reply so I wrote to them to ask them to explain the outstanding balance. They just sent a standard letter back. They did say some of the balance was for the PPI, which I asked them to cancel and they did this but still would not give a reason for the rest. After many letters and phone calls, which I have now asked them to stop phoning, we are still none the wiser as to why we owe this money and I am not going to contact them any more and await the next letter. I intend to take this matter further, if anyone can give advice I would appreciate it

Link to post
Share on other sites

I might be way off here...

Did the GAP cover finance or just the value of the car?

A lot of GAP protection policies cover the vehicle value only, especially if you got it after buying the car.

So if you bought a car for £25000 and wrote it off...the GAP would pay off the 25000 but not the £30000 which was the actual amount financed with interest etc

 

And that with the PPI...

Link to post
Share on other sites

Still does not appear that TFC have secured further funding. From the December figures they have a total of £22million left in the loan kitty.

 

They only lend out about £2million a month now compared to about £8million back in september 2006. The kitty was at about £150million back then.

 

The cattles group (Welcome finance) are known to be struggling to seek finance so I bet TFC will be even more so.

 

What a shame.

 

:lol::lol::lol::lol:

 

Just noticed that Jim Rowley (managing director) no longer working for TFC. He was one of the orginal lot that started up TFC. Did he walk/run or pushed?

 

Things not looking good

 

:)

Edited by toneighty170
Link to post
Share on other sites
  • 2 weeks later...
Well you mention the fact about recording telehphone calls, i had a rather heated conversattion with one of the donkeys up at TFC a few weeks ago, with regard to a missed payment, i asked if i could speak to someone higher up than customer complaints, i did ask for the elusive Nick Cherry, but was told he wasn't available, i asked again, and was rudely told he was not able to come to the telephone. They informed me at the start of the call that calls may be monitered for training etc etc. I also said i was going to record the call there on in, and i was shouted...yes shouted at by the obnoxious little so and so, that the call will be ended if i say i was not going to record the call, i held on for a few moments, went to the toilet and let the guy hang on for some time, i went back and said i have a legal right to record calls if i choose, so long as i informed him, and on that he hung up the phone!

 

Now i was mis-sold a car, PPI and everything else to boot with connection to TFC and Carcraft. Fees upon fees upon fees, i have had a useless car which broke down within 12 months, which cost me £1400 to repair even though i had warranty on it. I have PPI (at a cost of £42 per month) on it which i am currently seeking as i have just been made redundant. And to put the cherry on the cake, i was involved in an RTA a few weeks ago, they may fix the car, they may write it off, leaving me with no car and a credit agreement to pay of over £10,000! I sincerely hope the credit crunch hits TFC really hard, as they have hit me harder!!

I'm afraid the "Nick Cherry is not available right now" was probably true as the M.D. had his pants down over a table giving him Dicktation

Edited by nish40
Link to post
Share on other sites
Still does not appear that TFC have secured further funding. From the December figures they have a total of £22million left in the loan kitty.

 

They only lend out about £2million a month now compared to about £8million back in september 2006. The kitty was at about £150million back then.

 

The cattles group (Welcome finance) are known to be struggling to seek finance so I bet TFC will be even more so.

 

What a shame.

 

:lol::lol::lol::lol:

 

Just noticed that Jim Rowley (managing director) no longer working for TFC. He was one of the orginal lot that started up TFC. Did he walk/run or pushed?

 

Things not looking good

 

:)

That's going down a bit if i get my Judgement for the princely sum of over £25,000 were suing for icon10.gif

Link to post
Share on other sites
Hi all, well its been quiet for a while her, but over the last week it's been pretty fun.

 

Ok well firstly, i got a call from the Idiot Corporation at work, the lady called Lyndsey was very rude, and would not let me speak.

When she had finished waffling on about catching up payments bla bla bla, i started to inform her that the loan was deemed unenforcable by my solicitor.

To this she stated my solicitor was useless and knew nothing about finance law and it was enforcable and i had to pay up..... i said no.

I thought she had hung up, but she must have put it on silent, cos when i put the works phone down, and 5 mins later tried to dial out, she was still there saying "i wont be hanging up till you make a payment", so after i asked was she working continuously for the next 18 hrs, i put it down, picked up STILL THERE.

Anyway this went on for 45 mins till i rang my solicitor on my mobile.

When he answered i picked the works phone up and held it to my mobile, and my solicitor got a mouthful, needless the lovely lady from TFC quickly hung up when i told her who she had spoke to.

2 days later, at 8 oclock just as corrie ended, theres a knock at the door, opened it, and a man from EXCEL COUNSELLING SERVICES was there, sent by..... The Muppet Corporation.

In fairness he was ok, independent to them, and after i told him the case, he went said he would not call again even if asked, he was a nice guy, and no kick offs.

Well i since found out, that my case has now got advanced funding, and Barristers are now pouring over it to start legal proceedings.

I have reported them to ofcom about contacting my work, and i have made my statement to my solicitor, so ill let you know how i get on. Talk soon peeps.

 

P.S. Stitch im pm ing you

 

Contrary to popular belief you DON'T need to seek or even tell the other party your recording the call. Only 1 of the parties need know namely you & if neither don't that's phone tapping & is illegal without a warrant.

 

The only other time when you must seek their consent or that of a court, after the event, is if you intend to disclose the contents to a 3rd party

Link to post
Share on other sites

Incidentally, can anyone advise on something?

TFC keep levying charges and adverse credit on me, with this being disputed for well over a year, are they allowed to do that, and if not what can i do about it.

Stephensons Barristers are putting the final touches to The Court case, to which im really looking forward to, but i think they are too far into the paperwork for me to see if i can get squoze in, i dont want to upset the applecart.

 

Does anyone think i have a case to take separate action against them for carrying on chasing for money, pestering me and putting adverse comments in with the CRAs?

Link to post
Share on other sites

hiya peeps

well the muppet corporation have passed my acount to apex debt management, albeit illegaly as far as i am concerned.

because the account is in dispute surely they cannot sell the "debt".

trading standards are dealing with it on my behalf so we will have to wait and see.

the last time apex rang me the rude lady asked when i was going to make a payment to start and clear the balance of wait for it £19500.

for a £6000 car of which i have already paid them £10500.hahaha

i dont think so!!!!!!!

its been quiet for the last 4 months.

i wonder............

Link to post
Share on other sites
hiya peeps

well the muppet corporation have passed my acount to apex debt management, albeit illegaly as far as i am concerned.

because the account is in dispute surely they cannot sell the "debt".

trading standards are dealing with it on my behalf so we will have to wait and see.

the last time apex rang me the rude lady asked when i was going to make a payment to start and clear the balance of wait for it £19500.

for a £6000 car of which i have already paid them £10500.hahaha

i dont think so!!!!!!!

its been quiet for the last 4 months.

i wonder............

Keep it up WVM,

 

I am close to serving Court Papers on them... Happy Days.

 

I wonder seeing as the rest of TFC staff will need a job soon, if there good friend above can get them jobs, the elephants need cleaning out regularly, and im sure Mr Nick (one day ill pop my) Cherry, would be great in the Weasel enclosure

Link to post
Share on other sites

182

 

having read this exelent thead from start to finish, ime amazed at the funding corporation, i thought welcome finance were bad.

interesting to note though, who do you thing are the main backers of the funding co and welcome finance, thats right, barclays.

these two outfits are in trouble getting funding just as barclays issue a profit warning, coincedence,

 

any way

 

back to my question

 

i was under the impression that if a bill of sale was invalid, the creditor would then have to rely on the credit agreement.

 

jon chris statement in post 182 states that the agreement in that case would be irrelevent

 

is jon chris around to confirm as helping out a pal at work with bill of sale and cygnet finance and bill of sale is void

Link to post
Share on other sites

The only info I could pick up on why the MD and co-founder left TFC. It is a cached page via google. It appears they are feeling the pinch. Nevermind :lol::lol::lol:

 

MD leaves as funder stops all non-motor lending

 

  • The managing director of The Funding Corporation (TFC), Jim Rowley, has left the company which he co-founded. A company spokesperson would not comment on the reasons for Rowley's departure.

The independent finance house, which previously offered asset finance and block discounting services to corporate clients, is believed to have shut its doors to all new non-motor business entirely. Only non-prime finance division ACF Car Finance continues to accept new contracts, in a market favourable to funders which target non-prime borrowers. TFC's website would appear to support this conclusion, as it makes no mention of funding provision for any assets other than vehicles, including caravans.

Further rumours that its financial backer Barclays Capital had pulled the plug on its funding line were denied by a representative from the bank.

TFC was set up by former senior employees of Capital Bank Motor with backing from well-known motor industry entrepreneur Bob Edmiston, founder of the IM Group, which imports cars from the Far East.

It recently grew its presence in debt management and recovery, launching Red2Black Collections, a wholly-owned subsidiary, which replaced its former brand CollectOne Ltd. Nick Cherry is the director and general manager of Red2Black, while Chris Ryan, the former collections head at Citigroup, was recently appointed to the post of divisional manager.

 

VRL - MD leaves as funder stops all non-motor lending

Link to post
Share on other sites
  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...