| Viewing Single Post From: Approved Car Finance/ Cooperate Funding | |
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| groovyglo | Nov 7 2006, 10:04 PM |
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How Can I Fight This Case With Out Paying A Large Amount Of Legal Fees? Stephensons solicitors have written to the funding corporation on my behalf and as expected they have denied the points regarding the optional nature of insurances on the agreement.. Stephensons who have been absolutely great so far argued that the key issue was whether the payment protection Insurance is a charge for credit under regulation 4© of the 1980 regulations and that the PPI was not optional. The taking out of the insurance was a condition of the advance and as such it would amount to a charge for credit. They also stated that the primary purpose of schedule 6, paragraph 2 of the 1983 regulations is to ensure that borrowing is brought clearly to the debtors attention. If the PPI has been misclassified as credit, rather than a charge for credit the agreement misleads the borrower disguising the true cost of the credit and is therefore irredeemably unenforceable. My dilema at the moment is that I am not eligable for public funding and the case costs are estimated at approx. £7500, If I were to pay privately. I really do not want these people to get away by intermidating with Bailiffs for a car I only had for six months and no longer have and actually asked them to take it back which they did. Does any one have advice of how I can fight this case by paying less or getting some kind of legal credit. |
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| Approved Car Finance/ Cooperate Funding · Approved Car Finance | |
4:08 PM Nov 25
