Another year to go

[Frankie50]

Hi,
I signed a leasing contract 2008 and agreed (so I thought) that it would be paid off this September but have just found out when I rang the company about the final payment date that it will run until next september - this is not what I recall agreeing and at £500 a month estimate I am paying 35% interest.
Unfortunatly I cannot find the paperwork at the moment to see what it said, it's still all boxed up and I guess without that I'm a bit stuffed.
Just wondering what sort of questions I should be asking when I call the company back - I don't want to be talked over - I don't recall receiving statements of payments or any sort of regular update.
How should I approach this?
Thanks
Frank

[teaboy2]

Re: Another year to go

When you say the agreement is all boxed up does that mean your able to get hold of it? If so it would be worth checking it before going in asking questions.

Problem with talking to them on the phone is they will just tell you the same old thing over and over again, so i personally would send a SAR for the agreement and all statements along with all other documents and data they hold on you. That way you will have a better idea of whats what and where you stand on this.

[Frankie50]

Re: Another year to go

Thanks Teaboy 2 - yes, it's packed up somewhere, I will have to try to find it before I phone them, but it just seems like an excessive amount to pay back and certainly niot what I thought I had ageed to.

[teaboy2]

Re: Another year to go

No problem.

When you read the agreement, if it says last payment is septemeber 2011, then thats its you will have made the final payment already (well next month you will have) and you do not nrrd to maker any futher payments to them, so cancell any direct debits with them once the last payment is made.

Then send them a photocopy of the agreement with a letter stating that the agreement ended on (Date) and last payment was made (same Date) therefore the agreement has ended and all monies owed including interest has been paid.