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Anyone with advice on best way to approach this problem, gratefully received.
My daughter took out a car loan with British Credit Trust sometime in 2006, the toal amount payable was £12,087.08 and at October 15th 2007 she had paid back the sum of £7,509.02 leaving £4,578.06 outstanding.
It would appear that before this date she was having problems keeping up the repayments and a conversation with 'someone' at BCT suggested to her that the easiest way out of this was for her to 'surrender' the car as she had repayed over 50% of the debt and the sale of the car would wipe out the remainder owing, she would be 'debt free'.......(what a salesman..)
My daughter did not consult me....only now does it hit my desk!!.....she surrended the car thinking that the salesman was a lovely chap who had solved her problems.....although she now was to use 'shanks pony' to get about...
Some months later (Dec) she receives a Notification of Balance Outstanding from BCT of £1,328.06....you can work out for yourselves what they sold the car for!! great deal for someone within the organisation......
She has received various DCA letters but did nothing! I have now found that MCE Portfolio Limited went to Court on the 23rd Oct 2008, the bill has increased from £1,687.28 to £2,210.57 with Court cost of £208.00 and £315.29 interest from the date of the Interim Charging Order added to the original amount.
Then it gets worse in that Mortimer Clark (I believe to be the same as MCE Portfolio registered a charge against her property with the Land Registry.
She now has a Simon Robins of Mortimer Clarke chasing her on the phone as
at 7th December 2010.
My initial response is to ask from BCT a copy of all papers relating to this vehicle including the registration documents, also to reveal where and to whom the vehicle was sold and for what amount (genuienly)
I wonder what redress we may have against BCT for their conduct in thbis matter, also to see if we could get this struck off for mis selling information or something...
Either way I feel like knee capping the so and so who conned her into this proposition......if she had come to me then, I would have paid off the amount outstanding...it is a ridiculous situation to be in...
Any help please??????
My daughter took out a car loan with British Credit Trust sometime in 2006, the toal amount payable was £12,087.08 and at October 15th 2007 she had paid back the sum of £7,509.02 leaving £4,578.06 outstanding.
It would appear that before this date she was having problems keeping up the repayments and a conversation with 'someone' at BCT suggested to her that the easiest way out of this was for her to 'surrender' the car as she had repayed over 50% of the debt and the sale of the car would wipe out the remainder owing, she would be 'debt free'.......(what a salesman..)
My daughter did not consult me....only now does it hit my desk!!.....she surrended the car thinking that the salesman was a lovely chap who had solved her problems.....although she now was to use 'shanks pony' to get about...
Some months later (Dec) she receives a Notification of Balance Outstanding from BCT of £1,328.06....you can work out for yourselves what they sold the car for!! great deal for someone within the organisation......
She has received various DCA letters but did nothing! I have now found that MCE Portfolio Limited went to Court on the 23rd Oct 2008, the bill has increased from £1,687.28 to £2,210.57 with Court cost of £208.00 and £315.29 interest from the date of the Interim Charging Order added to the original amount.
Then it gets worse in that Mortimer Clark (I believe to be the same as MCE Portfolio registered a charge against her property with the Land Registry.
She now has a Simon Robins of Mortimer Clarke chasing her on the phone as
at 7th December 2010.
My initial response is to ask from BCT a copy of all papers relating to this vehicle including the registration documents, also to reveal where and to whom the vehicle was sold and for what amount (genuienly)
I wonder what redress we may have against BCT for their conduct in thbis matter, also to see if we could get this struck off for mis selling information or something...
Either way I feel like knee capping the so and so who conned her into this proposition......if she had come to me then, I would have paid off the amount outstanding...it is a ridiculous situation to be in...
Any help please??????
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