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Barclays Partner Finance Help

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  • Barclays Partner Finance Help

    So after reading through all the guides and support on here, I finally felt I knew enough to start the VT process. I followed the guide and used the template letter (super easy and useful by the way) and have got the letter back from Barclays with the form to sign.

    When reading through the documents however I noticed that it says "Once the vehicle has been sold, we will calculate the amount that you owe including any charges incurred such as costs to bring the vehicle into a reasonable condition, and let you know the total amount due."
    As I understood VTing, once you have VT'ed you no longer have to pay anything?

    Any support or pointers would be amazing, thank you in advanced. I have attached a copy of the form they want me to fill out.
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  • #2
    Hi

    The VT guide covers this situation - I suggest you go back and re-read the section around vehicle damage charges
    If you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
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    LEGAL DISCLAIMER
    Please be aware that this is a public forum and is therefore accessible to anyone. The content I post on this forum is not intended to be legal advice nor does it establish any client-lawyer type relationship between you and me. Therefore any use of my content is at your own risk and I cannot be held responsible in any way. It is always recommended that you seek independent legal advice.

    Comment


    • #3
      Hi, R0b*thanks for the reply. I have just read back over that section and feel happier now about it. The only area I just need some clarity on now is, say the finance has £6000 remaining but the car sells for £5000 for example, would I be liable to pay the remaining balance.

      Comment


      • #4
        Again, that is also covered in the VT Guide and goes to the heart of what voluntary termination is all about.*

        I'm not trying to be awkward but these are basic questions already covered by the guide I have written and repeated on many occasions on this forum. The purpose of the guide was for me to avoid answering the same questions over and over.*
        *
        If you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
        - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
        LEGAL DISCLAIMER
        Please be aware that this is a public forum and is therefore accessible to anyone. The content I post on this forum is not intended to be legal advice nor does it establish any client-lawyer type relationship between you and me. Therefore any use of my content is at your own risk and I cannot be held responsible in any way. It is always recommended that you seek independent legal advice.

        Comment

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