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Viewing Single Post From: Wcf Non-existing Hp Agreement
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andy2708
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Apr 30 2007, 12:42 PM
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- Posts:
- 1
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- Member
- #1,242
- Joined:
- April 30, 2007
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I purchased a car from Welcome Finance in January 2004 with monthly repayments of £287.00. Back in January I decided to VT the car, there were ongoing disputes between Welcome and myself over this option. I went to Trading Standards to seek their help and they advised me that I would have to pay back all the outstanding amount left on the agreement, which is about £6000. The account was then passed over to their Collections Department. I was contacted by them and they discussed the option of starting a new agreement at a lower monthly payment (which was what I was after in the first place). It may seem crazy refinancing but I need the car for my job, so this is my best option (I think). They asked me to pay one instalment at the new rate of £165, which I did at the end of February, I haven’t paid any instalments since. I was then told they would draw up new papers for the agreement, since then I have had no contact from the either by phone or post. What should I do? Technically the old agreement is defunct now and I haven’t signed a new one. Where do I stand legally? As far as I can work out, as there is now signed contract I am within my rights to not make any further payments. Not sure how this would stand-up in court though? Any ideas?
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8:07 AM Nov 27
