| Welcome to www.saynotoyes.co.uk. We hope you enjoy your visit. You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free. Join our community! If you're already a member please log in to your account to access all of our features: |
| Godebt | |
|---|---|
| Topic Started: Nov 4 2005, 10:01 AM (60 Views) | |
| TM | Nov 4 2005, 10:01 AM Post #1 |
|
Unregistered
|
We took finance out with Yes last year Big Mistake we know and now we may lose our home. We went to this company, as we can’t get credit, we knew the interest rates were going to be high but we accepted that. We explained to them that we didn’t want payment protection and all the other extras and we where told they was part of the deal my partner then said so its free then and the guy said yes something like that. Anyway we signed the papers I did notice then that it was not free but my partner really did want a car so I didn’t say anything at the time and thought to myself I will cancel it later. I then found out when I did ring to cancel you can’t cancel it once signed (its in small writing at the top of the agreement). Earlier on in this year my husband suddenly lost his mum and had a break down he was signed off work sick. We got behind with our payments. As we have been in loads of debt before and was just about getting straight I didn’t want to fall into further debt so I rang the company up and explained what had happened and that I didn’t think my partner would be going back to work yet and was there anyway we could reduce the payments till he was back at work (oh and by the way we was not covered by the payment protection as we were in arrears) their answer No. So I asked if I could hand the car back so we weren’t getting further into debt and we understood that we would still owe money on the car but would we then be able to clear it of at a lower rate than the full monthly payment (nearly £300 per month). There answer Yes. So they came and collected the car one morning at 7.oclock I then had a letter a few days later saying the car had been sold for £3500 and there was still £7500 (apparently you still have to pay the full payment protection even if you do not have the car not bad for something we didn’t even want in the first place) owing on the deal what was I going to do about it. At this point my partner was still not back at work and my biggest concern was the mortgage not a car so I didn’t answer the letter (silly mistake). About 3 weeks later on a Friday evening at around 6pm I get a Statutory Demand pushed through my letterbox saying they are going for bankruptcy. I rang them up to try and sort it out but they are having none of it they told me to take out a loan (which I can’t get because of my credit rating) re-mortgage (which I can’t do as we only did that 10 month ago) or borrow of family or friends (I don’t now anyone with £7500 sat in there bank account just waiting to be handed over to me) I can’t even have a secured loan as its states an our mortgage agreement we can’t. When all this was explained I was told tough looks like you are going to lose your home then. I then wrote to them with an offer of £80 per month as this was the most we could afford at this present time this was turned down but they would reduce the debt to £6000 if we paid within a week My dad has offered to lend me £2000 as a lump sum to help so we then went to see a solicitor who sent them an offer of £2000 lump sum and £2000 in instalments of £80 per week. I went on the saynotoyes website for some advice and William Rhodes the Joint Managing Director did reply and asked me to get in touch with him to see what he could do so we did but his reply was he couldn’t talk to us as we had a solicitor involved. We have heard nothing in a letterform to this day about our latest offer only a e-mail from Mr Rhodes saying he had received it and was I still dealing with our solicitor. I have asked around for help and advice and if they do go for bankruptcy we will lose our home as there is about £15000 equity in it. As you can imagine we are both sat here dumfounded and don’t know what to do next. In all the debt we have been in before we have never been in such a mess like this my partner is back at work but is on the verge of another breakdown, we are both just walking around like zombies and my daughter is wondering what’s going on. We just don’t now what to do. Yes car credit need closing down when I have read in papers about people committing suicide over debt I have always thought there is a way out of it and if they had got the right help it could have been sorted, but now I understand. The only way out of this it seems is to let them make us bankrupt and lose our home. So much for the loan is secured on the car and not your home. If this letter stops 1 person going to car credit then it will make me feel better and if any one knows who I could get in touch with to help get them closed down that would be a great help. |
 
|
|
| Bakedalasker | Nov 4 2005, 02:55 PM Post #2 |
www.saynotoyes.co.uk
|
TM, You quote "I have asked around for help and advice and if they do go for bankruptcy we will lose our home as there is about £15000 equity in it. As you can imagine we are both sat here dumfounded and don’t know what to do next. " The fact that you have made an offer of payment through a lump sum and then installments, it is highly unlikely that GoDebt will take you to court. Mainly because any judge would favour you through this offer. So it would be silly for them to go down that line as it would be to their cost. My suggestion to what to do next is: - 1. As you have a solicitor involved leave all the legality to him/her. 2. Advise your solicitor about us and our witness programme. http://s11.invisionfree.com/saynotoyes/ind...p?showtopic=438 3. From your statement you have the right to report GoDebt to the OFT due to the threatening behaviour of their agent. Going on your post they have broken their Code of Conduct rules that they are governed by. 4. Finally report YCC to the OFT and Trading Standards. See our banner for details. We agree with you that they need to be shut down. Hope this helps, good luck and please keep us informed. |
 |
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| « Previous Topic · Debt Collection Agencies Forum · Next Topic » |
3:03 AM Nov 29
