Car Finance

SirTrev · 30th June 2009, 20:57

Hi

I had a problem with car finance 10 years ago. I paid £800 deposit, 2 monthly payments of £250 but ourcircumstances changed and it was impossible to keep the car. I handed it back after 2 1/2 months with only 200 ish miles extra on the clock, taxed and MOT'd (which it wasn't when I bought it). Despite this, I was persued for the full amount and the sale of the car was not offset against against my debt.

I thought this was very unfair, but as we agreed to repay at an amount of £15pm I just left it. Now I have paid around £1800 plus the £800 and £500 monthly payments so that's a total of £3100 for a car that cost around £4000 and had it for 10 weeks and returned it in better condition than I bought it in.

If I cancel the £15pm payment to Westcot Credit Services, are they likely to persue me?

Thanks for any help.

maroondevo52 · 30th June 2009, 23:17

Hello and Welcome, Sir Trev.

I'll move this thread to the appropriate Forum, where hopefully you'll get some help.

Regards.

Scott.

kurvaface · 30th June 2009, 23:31

Welcome.

yes.

There is loads you can do about it so don't worry.
How long have Westcock handled the account?

SirTrev · 1st July 2009, 10:23

Quote:

Originally Posted by kurvaface

Welcome.

yes.

There is loads you can do about it so don't worry.
How long have Westcock handled the account?

Ever since I have made the patments, so around 10 years. I haven't spoken to them for a very long time, just kept the £15 pm standing order.

kurvaface · 1st July 2009, 10:32

The chances are then that they don't have the correct paper work to enforce any agreement. I think from what I've read elswhere, if you stop the payments, then they pester you, CCA them, and if they can't produce, you pay nothing

SirTrev · 1st July 2009, 10:47

Thanks, that's what I was thinking but good to know I'm not being stupid!

My wife had 2 CCJ's from the same time (it was a tough time!!) and do you think this is a similar position or is it different as it is a CCJ?

I really appreciate your help

kurvaface · 1st July 2009, 11:05

I understand that CCJs don't go away just like that. You can have them set aside autolinker.com autolinking image

or the claimant can ask to have it enforced, however, From what I've read on here, a judge would not be sympathetic to a claimant who has had plenty of time to enforce and has done nothing.

SirTrev · 1st July 2009, 11:53

Quote:

Originally Posted by kurvaface

I understand that CCJs don't go away just like that. You can have them set aside autolinker.com autolinking image

or the claimant can ask to have it enforced, however, From what I've read on here, a judge would not be sympathetic to a claimant who has had plenty of time to enforce and has done nothing.

Ok thanks for that. I'll do a bit more research before cancelling that one though. I somehow doubt they have the paperwork for this, and guess that they wouldn't be able to enforce if they can't produce the paperwork from about 13 years ago.

Cheers!

kurvaface · 20th December 2009, 13:50

Any news on this?

30th June 2009, 20:57	#1 (permalink)
SirTrev Basic Account Holder eBay user? Find misspellings and zero-bid items Cagger since : Jun 2009 Posts: 4	Car Finance Hi I had a problem with car finance 10 years ago. I paid £800 deposit, 2 monthly payments of £250 but ourcircumstances changed and it was impossible to keep the car. I handed it back after 2 1/2 months with only 200 ish miles extra on the clock, taxed and MOT'd (which it wasn't when I bought it). Despite this, I was persued for the full amount and the sale of the car was not offset against against my debt. I thought this was very unfair, but as we agreed to repay at an amount of £15pm I just left it. Now I have paid around £1800 plus the £800 and £500 monthly payments so that's a total of £3100 for a car that cost around £4000 and had it for 10 weeks and returned it in better condition than I bought it in. If I cancel the £15pm payment to Westcot Credit Services, are they likely to persue me? Thanks for any help.

30th June 2009, 23:17	#2 (permalink)
maroondevo52 Site Team Protect your signature with SignGuard Cagger since : Jun 2006 I am in: Edinburgh Posts: 13,049	Re: Car Finance Hello and Welcome, Sir Trev. I'll move this thread to the appropriate Forum, where hopefully you'll get some help. Regards. Scott. __________________ Any advice I give is honest and in good faith. If in doubt, you should seek the opinion of a Qualified Professional. If you can, please donate to this site. Help keep it up and active, helping people like you. Bank of Scotland ( Business Account ) Small Claim. Total: £1,027.70 Settled in Full.(October 2006) Capital One Bank (Europe) plc Summary Cause Claim. Total : £1,111,94: Settled in Full. (February 2007) Bank of Scotland (Business Account) Summary Cause. Total: £1,051.60. Settled in Full (April 2007) Bank of Scotland (Business Account) FOS Claim. Total: £4,945.00. Settled in Full (March 2008.

30th June 2009, 23:31	#3 (permalink)
kurvaface Classic Account Holder Protect your signature with SignGuard Cagger since : Mar 2009 I am in: digestion to DCA'a Posts: 1,122	Re: Car Finance Welcome. yes. There is loads you can do about it so don't worry. How long have Westcock handled the account?

1st July 2009, 10:32	#5 (permalink)
kurvaface Classic Account Holder Protect your signature with SignGuard Cagger since : Mar 2009 I am in: digestion to DCA'a Posts: 1,122	Re: Car Finance The chances are then that they don't have the correct paper work to enforce any agreement. I think from what I've read elswhere, if you stop the payments, then they pester you, CCA them, and if they can't produce, you pay nothing

1st July 2009, 10:47	#6 (permalink)
SirTrev Basic Account Holder eBay user? Find misspellings and zero-bid items Cagger since : Jun 2009 Posts: 4	Re: Car Finance Thanks, that's what I was thinking but good to know I'm not being stupid! My wife had 2 CCJ's from the same time (it was a tough time!!) and do you think this is a similar position or is it different as it is a CCJ? I really appreciate your help

1st July 2009, 11:05	#7 (permalink)
kurvaface Classic Account Holder Try our eBay sniping service Cagger since : Mar 2009 I am in: digestion to DCA'a Posts: 1,122	Re: Car Finance I understand that CCJs don't go away just like that. You can have them set aside or the claimant can ask to have it enforced, however, From what I've read on here, a judge would not be sympathetic to a claimant who has had plenty of time to enforce and has done nothing.

20th December 2009, 13:50	#9 (permalink)
kurvaface Classic Account Holder Where else can you earn 8% interest on your money? Start your County Court claim NOW!!! Cagger since : Mar 2009 I am in: digestion to DCA'a Posts: 1,122	Re: Car Finance Any news on this?