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Hi,
I'm a newbie here, so very sorry if this is something that's been asked before.
Lets start at the beginning.
I purchased a 206CC from a dealer in April 2007 - only been a kid, I was naïve and it was on credit FOR £6,499. The finance was done by "WELCOME FINANCE" at 30.9% APR! I signed the agreement for 48 months and drove my girly car away.
After numerous job fails and other issues, I failed to make payments and in October 2009 the was repossessed. Now when the car went, I was led to believe that it would be a case of clearing the debt as such, no court order was done and no paper work signed. The simply sent a rather large fellow, who blocked the car in on a public drive, and took it away. I was told if I sign a new agreement with a different payment plan, the car would be returned, as it was going to be kept safe In a compound.
It gets interesting, 3 weeks later, the car was reported to the Police for having no insurance and in the same spot on a public road 60 MILES away. It was being used now and again by the repos son (apparently) I found this out after the police came to me to notify me the car was uninsured. Lucky enough, the understood and dropped it.
I then heard nothing, for a long time, thinking I was in the clear. February 2014, I received a letter from IND telling me they are taking me to court for finance agreement (the court summons has the WRONG account number) So I denied I owe the amount of £11,000.
NOW...I'm panicking!!
I have dug out the old agreement & added up the amount paid over the time I had the car (including the £2000 they go for the car at auction) this comes to over £6500!
When going through the old paper work, I noticed on my agreement, it says that if I had paid £3570.80 - They CAN NOT repo the car without a court order, if they do so, I am entailed to all of the money I have paid BACK. At the date they repossessed the car, I had paid over that amount.
So..I'm now at the point were the Courts have summons me to appear on the 14th May 2014. -notice of allocation to the small claims track (hearing)
Do I argue I have paid the principle back so why are they chasing someone 7 years later.
OR
Do I argue I have no idea what the credit agreement number is as it has nothing to do with me (on court summons)
OR
Do I simply explain to the courts they have taken the car without a court order, and have shot them selves in the foot, as I would like every penny I paid back?
OR
ANY OTHER suggestions.
I do no doubt for one second, I was stupid to ignore this for such a time, but we learn from mistakes and I now have a £600 Fiesta! NO CREDIT for me ever again!!
I'm a newbie here, so very sorry if this is something that's been asked before.
Lets start at the beginning.
I purchased a 206CC from a dealer in April 2007 - only been a kid, I was naïve and it was on credit FOR £6,499. The finance was done by "WELCOME FINANCE" at 30.9% APR! I signed the agreement for 48 months and drove my girly car away.
After numerous job fails and other issues, I failed to make payments and in October 2009 the was repossessed. Now when the car went, I was led to believe that it would be a case of clearing the debt as such, no court order was done and no paper work signed. The simply sent a rather large fellow, who blocked the car in on a public drive, and took it away. I was told if I sign a new agreement with a different payment plan, the car would be returned, as it was going to be kept safe In a compound.
It gets interesting, 3 weeks later, the car was reported to the Police for having no insurance and in the same spot on a public road 60 MILES away. It was being used now and again by the repos son (apparently) I found this out after the police came to me to notify me the car was uninsured. Lucky enough, the understood and dropped it.
I then heard nothing, for a long time, thinking I was in the clear. February 2014, I received a letter from IND telling me they are taking me to court for finance agreement (the court summons has the WRONG account number) So I denied I owe the amount of £11,000.
NOW...I'm panicking!!
I have dug out the old agreement & added up the amount paid over the time I had the car (including the £2000 they go for the car at auction) this comes to over £6500!
When going through the old paper work, I noticed on my agreement, it says that if I had paid £3570.80 - They CAN NOT repo the car without a court order, if they do so, I am entailed to all of the money I have paid BACK. At the date they repossessed the car, I had paid over that amount.
So..I'm now at the point were the Courts have summons me to appear on the 14th May 2014. -notice of allocation to the small claims track (hearing)
Do I argue I have paid the principle back so why are they chasing someone 7 years later.
OR
Do I argue I have no idea what the credit agreement number is as it has nothing to do with me (on court summons)
OR
Do I simply explain to the courts they have taken the car without a court order, and have shot them selves in the foot, as I would like every penny I paid back?
OR
ANY OTHER suggestions.
I do no doubt for one second, I was stupid to ignore this for such a time, but we learn from mistakes and I now have a £600 Fiesta! NO CREDIT for me ever again!!
Two mins
)
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