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Viewing Single Post From: Cars and finance contracts
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Bakedalasker
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Jun 30 2005, 07:03 PM
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www.saynotoyes.co.uk
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- May 29, 2005
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- whistleblower
- Jun 30 2005, 11:49 AM
- KevinB
- Jun 29 2005, 05:55 PM
- whistleblower
- Jun 29 2005, 03:13 PM
- KevinB
- Jun 29 2005, 02:31 PM
You would at least expect the bank to write to tell you that your house would be repossessed within x days if no payment is forthcoming.
That has not been the case here.
K. Did you receive a default notice from Direct Auto Finance informing you that you are in breach of your finance contract and they are teminating the agreement. W.
In a word, no.
K. (DAFS) Have to issue you with a default notice and tell you that the agreement has now been terminated before they can go ahead 'repossess' the car so to speak (as I know the car was in a garage) and then sell the car and then demand the full outstanding balance. My advice on this one is to contact a solicitor and get him to send a letter to Direct auto finance. From what I can see the correct procedure has not been followed. W
Kevin,
The loan is secured against the car. Advise your solicitor on this and let us know what he/she says. Not too sure but I think that nullifies the loan.
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