Go Debt - Forcing Bankruptcy

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Go Debt - Forcing Bankruptcy; say I owe more than I do, threatening me
Topic Started: Feb 19 2006, 09:23 PM (242 Views)
RussC	Feb 19 2006, 09:23 PM Post #1
Unregistered	Well here we go, I purchased a V reg mondeo in Feb 2003 for about 12K (making me take out insurances I couldnt claim on as Im S/E ) We paid about 8K of this off in monthly payments of Ł258 (although I was only earning Ł1100 a month) When my wife had our baby in Oct 2003 I lost my job - tried to claim on insurance - told I couldnt, took out loans to pay YCC, in Oct 2004 it was repossessed and sold - we were told that this left us with no outstanding balance (On phone) Well the letters from GO Debt have started coming demanding Ł6130.10 how can there have this figure, well now they have stated there are forcing bankruptcy on us, what shall we do? Ive asked them for a breakdown of their figures - none received Help eek
Unregistered


Bakedalasker	Feb 20 2006, 08:37 AM Post #2
www.saynotoyes.co.uk Posts: 2,351 Group: Members Member #30 Joined: May 29, 2005	Russ, It looks to me that you have been mis-sold the insurances. You need legal advice on this so what you need to do is make an appointment with your local CAB. Take all your paperwork with you an ask to see their In-House Debt advisor regarding YCC. From there they will contact their Specialist Advisors who are well rehearsed against YCC. They will then inform you if you have a case. There are a number of our users who have gone down this route with success. It is worth you going there. Good luck and keep us informed.



William Rhodes	Feb 20 2006, 02:36 PM Post #3
. Posts: 240 Group: GoDebt Managing Director Member #96 Joined: September 6, 2005	RussC Feb 19 2006, 10:23 PM Well here we go, I purchased a V reg mondeo in Feb 2003 for about 12K (making me take out insurances I couldnt claim on as Im S/E ) We paid about 8K of this off in monthly payments of Ł258 (although I was only earning Ł1100 a month) When my wife had our baby in Oct 2003 I lost my job - tried to claim on insurance - told I couldnt, took out loans to pay YCC, in Oct 2004 it was repossessed and sold - we were told that this left us with no outstanding balance (On phone) Well the letters from GO Debt have started coming demanding Ł6130.10 how can there have this figure, well now they have stated there are forcing bankruptcy on us, what shall we do? Ive asked them for a breakdown of their figures - none received Help eek RussC If you wish to contact me I will try and help you - if you don't the CAB is the best bet. William Rhodes Joint Managing Director Go Debt Limited Dumfries House Dumfries Place Cardiff CF10 3ZF Direct Dial 02920 391864 E Mail william.rhodes@hollisbriggs.com



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