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Letter from finance company re VT

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  • Letter from finance company re VT

    I have received a email from Mercedes Finance re returning my car on a VT. In the email it says, Termination of your agreement To terminate your agreement under the 50% rule, please sign below. I understand that by voluntary terminating my agreement, my credit file will be updated to reflect this and other lenders can view this information, do i have to sign this, as i believe that this may affect my credit rating. thank you.
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  • #2
    Originally posted by RobT View Post
    I have received a email from Mercedes Finance re returning my car on a VT. In the email it says, Termination of your agreement To terminate your agreement under the 50% rule, please sign below. I understand that by voluntary terminating my agreement, my credit file will be updated to reflect this and other lenders can view this information, do i have to sign this, as i believe that this may affect my credit rating. thank you.
    No, you dont.
    I work for Roach Pittis Solicitors. I give my free time available to helping other on the forum and would be happy to try and assist informally where needed. Any posts I make on LegalBeagles are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide is without liability.

    If you need to contact me please email me on Pt@roachpittis.co.uk .

    I have been involved in leading consumer credit and data protection cases including Harrison v Link Financial Limited (High Court), Grace v Blackhorse (Court of Appeal) and also Kotecha v Phoenix Recoveries (Court of Appeal) along with a number of other reported cases and often blog about all things consumer law orientated.

    You can also follow my blog on consumer credit here.

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