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| Ford Credit | |
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| Topic Started: Jun 4 2007, 07:01 PM (44 Views) | |
| hulldj | Jun 4 2007, 07:01 PM Post #1 |
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Hi All, i'm new to all this so please bear with me, I purchased a card on credit back in 1999 from my ford dealer and funded through ford credit. around 6 months after i bought the car, my situation changed and i coudln't afford/didn't require the vehicle... i returned the car to the garage who said they would buy the car back.. clear the finance on it and set up a payment arrangement for the diffenrece between the balances. Since this time my situation got worse and i ended up defaulting on the payment arrangement made with Ford Credit to pay the £3600 balance. the debt was handed to Blair Oliver and Scott Debt collectors, who sent me several lovely letters warning of court action... none every came... the debt then transferred to Allied International Credit who sent letters warning of their people intending to visit to reclaim the cash. again nobody turned up! during all of this not once was anything recorded against me with the Credit Agencys. i have since completed a payment arrangement with Ford Credit and paid the balance due. Once the balance had been paid, i received a letter from Ford Credit thanking me for the payments and stating that the title deed of the vehicle <reg no> has now been passed to myself. This is where my confusion starts, as the garage says they HPI cleared the vehicle in 2000 when they took it back... and promptly sold the vehicle! Does anyone know legally where i stand with this letter..... should i still have the vehicle? or not have paid the debt? as i have said debt companies have threatened action on several occasions but never followed through.... and Ford Credit have never recorded anything against me with the credit agencys! sorry it's so long winded! hope someone can help! |
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| whistleblower | Jun 5 2007, 10:22 AM Post #2 |
www.saynotoyes.co.uk
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Hi there and welcome to saynotoyes! Quick question, how much did the dealership pay you for the car and were you given an invoice! |
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<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/>  <FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT> Are you having problems with Yes Car Credit or a debt collection agency? Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:. James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99 watchdog@bbc.co.uk or telephone - 020 8535 1000 ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts ****************************************** 
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| hulldj | Jun 6 2007, 07:44 AM Post #3 |
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HI whistleblower, From what i remember they didn't pay the full market value of the car... hence their credit compamy started chasing me for the shortfall... i don't have any exact figures but i beleive all the paperwork is still at my parents house somewhere! will dig it out! my query really stems from the recent letter i have received stating the title deed of the vehicle now passes to me... if i own the title to the vehicle... why isn't it parked in my garage? |
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| jenni | Jun 6 2007, 08:07 AM Post #4 |
www.saynotoyes.co.uk
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have you spoken to ford about this? surely like you say if you don't have the car then the title deeds should not be in your name. They may have just made an error so I would speak to them now and explain the letter and see what they say |
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<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/> ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. ******************************************
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