| Viewing Single Post From: Repossession Of A Ycc Car | |
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| Bakedalasker | Nov 16 2006, 11:42 AM |
www.saynotoyes.co.uk
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It has come a concern with some of our users regarding having their cars repossessed. The purpose of this thread in to put everyone in the picture of where they stand. There is protocol for YCC to follow. If you fall behind with one payment they cannot immediately repossess your car. If you fall behind with 2 payments then they can start action. Most companies allow for 3 none payments because most courts would then issue a repossession order. Courts are reluctant to issue an order for one or two miss payments. The main purpose of this leeway of 3 payments is to allow you to make arrangments to catch up with your arrears. If you fall behind with your payments the courts would expect some sort of effort on your behalf to make amends. If you end up going to court this will look in your favour. Once a creditor applies for a repossession order you will receive a notice from the court that this has been applied for. This mainly is done to give you a final chance to sort some sort of arrangement out with the creditor. If the creditor cannot agree with your arrangement the you can go to court and get approval. If the court does not find the arrangement acceptable then they will issue an order. It goes without saying if you ignore the notice then the order is issued on default. When YCC threaten you with repossession they are not exempt from this protocol. They might think they are but they are not. Keep this in mind. YCC cannot repossess your car without a court order if you have paid 1/3rd of the agreement. They can remove your car if you have not reached that 1/3rd mark but they still need to issue you with a default notice first. Scenarios: - a. You have paid less than a 1/3rd of your agreement and have received a default notice. If you want to keep the car make every effort to come to some arrangement with YCC to make up for the arrears. Put everything in writing. If this fails seek legal advice. b. You have paid more than a 1/3rd of the agreement and receive a default notice. Once again make every effort to come to some sort of arrangement and put everytrhing down in writing. If this fails YCC will want to repossess your car. They will require a court order for this so you should expect a notice from the courts. If YCC turn up to repossess your car and you have received no notice then you can bet they have no court order. If you are present when they come then request to see the court order. If they dont have one and still take the car away then report them to the police. Also contact the link below for further assistance. This is paramount. Do not sign any paperwork or hand the keys to them. c. YCC have threatened to repossess your car and turn up with a court order. Phone the court, telephone number should be on the order. Confirm this is genuine. Most likely will be put this will be a first for this site, YCC doing the proper thing. If it genuine, hand the keys over, not much you can do.  Hope this clears up any doubts. If you require further expert advice then visit the following link: - http://www.bailiffwatchdog.co.uk/ |
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| Repossession Of A Ycc Car · YES CAR CREDIT FORUM | |
4:28 AM Nov 29
