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Avelo finance / cars for credit

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  • Avelo finance / cars for credit

    Dear Users of Legal Beagle !

    I have been investigating the very merky world of the Avelo Finance and Credit 4 Cars I have found that they charge consumers for stronghold tracking devices / immobiliser devices that are not fitted the vehicle's electrical systems , as a consumer you should not be charged for this device ! this is used as a threat to the consumer if the finance isn't paid for the vehicles , I have been looking in FCA Regulation investigations on these companies and have found out that they were not regulated and shouldn't have been signing credit agreements that will be non/void , Credit files are not being updated regarding payments , Shoosmiths LLC are basically a debt collection Solictor trying to get payments for the original Lender Fidor Bank , I would be intrested to here from consumers regarding any problems that they are facing at he moment ! the outcome is to get aggrieved consumers together and take legal proceedings against Avelo Finance Regards !
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  • #2
    Re: Avelo finance / cars for credit

    Credit 4 Cars ( now called Avelo ) had a consumer credit licence until 31/03/2016 ( ref was 644685 )

    Shoosmiths run the debt collection for Avelo as Avelo don't have a licence. Shoosmiths have a consumer credit licence.

    If you have a search on Avelo on this forum you will find a few other threads about them.
    #staysafestayhome

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    • #3
      Re: Avelo finance / cars for credit

      Originally posted by fordwyatt View Post
      Dear Users of Legal Beagle !

      I have been investigating the very merky world of the Avelo Finance and Credit 4 Cars I have found that they charge consumers for stronghold tracking devices / immobiliser devices that are not fitted the vehicle's electrical systems , as a consumer you should not be charged for this device ! this is used as a threat to the consumer if the finance isn't paid for the vehicles , I have been looking in FCA Regulation investigations on these companies and have found out that they were not regulated and shouldn't have been signing credit agreements that will be non/void , Credit files are not being updated regarding payments , Shoosmiths LLC are basically a debt collection Solictor trying to get payments for the original Lender Fidor Bank , I would be intrested to here from consumers regarding any problems that they are facing at he moment ! the outcome is to get aggrieved consumers together and take legal proceedings against Avelo Finance Regards !

      I have sent you a privet message. I look forward to hearing from you.

      Comment

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