MMF - Outstanding Finance

[Kinjo]

Hi all, I'm new so please be nice

im in a bit of a pickle, I have just opened a letter stating the following....

NAME, MY CAR REG, £8012 OUTSTANDING

We believe you are in possession of the above goods, please take this letter as legal notice that we the legal owners of this vehicle under a hire purchase agreement, the benefit of this was assigned to this company. Whilst the vehicle may or may not have passed through many hands, the first person who sold our vehicle did not hold the legal right to do so, the same goes for any subsequent sales, including your own

it then goes onto say that if I do sell it I am breaking the law, and I'm to contact them immediately so find a solution to this problem.

They have given me a contact name of Andy Champion and a number of 0113 2248561

now, I will never call them - never! But what should I do, yeah I own this car, I bought it outright 2 years ago, I have a receipt from the private seller, I have a clear HPI check (when I bought the car) and I do not owe this money.

Ive heard hellish things about MMf should I just ignore them??

many thanks for reading.

Kinjo

[wales01man]

Re: MMF - Outstanding Finance

Please see the HPI guarantee on thier website may be of help

[Guest]

Re: MMF - Outstanding Finance

HI
Irrespective of the HPI check. If the car was sold by the original debtor whilst HP was outstanding the new owner would in any case have good tittle to the car(hp act 1965-consumer credit act 1974).(providing he bought it in good faith)

The HP company would have to pursue the original debtor for sums due under the agreement, they could not rely on reclaiming the goods.

The only way that the vehicle would be reclaimable would be if it were stolen and subsequently sold, if this was the the case you would be getting the letter from the police not the original creditor.

I would ignore i the first instance and if the persist remind them of the above.

It is probably the case that they have not been able to recover the money from the OC and are trying it on.

D

[legalese]

Re: MMF - Outstanding Finance

Nice advise davyb, very important to ignore them, they want you to call them to find a solution, there is only one solution they require...CONSENT.

[Guest]

Re: MMF - Outstanding Finance

Nice advise davyb, very important to ignore them, they want you to call them to find a solution, there is only one solution they require...CONSENT.

Absolutely no idea what you are talking about here.

Many DCA's buy sub performing high risk debts like this by the bucket full for pennies in the pound, they then send out reams of phishing letters in the hope that a few will pay up without question, they only need a few in order to make a profit because they pay so little for them. This may be one of those, the best way to find out is to ignore the first salvo.

If they continue you can quote the legislation which in this case i believe would give you ample protection.
The HP act 1965 ensured that the innocent purchaser of a vehicle that was under a HP agreement would not be sanctioned, as long as they made the purchase in good faith.

The act enables this by transferring the ownership of the goods to the lender at the point of sale.
This is a clever device because if the car had been stolen and thus sold by anyone other than the lender the sale would not be valid and the car could be reclaimed.

D

[legalese]

Re: MMF - Outstanding Finance

Hi davyb, i have colour coded the inportant part of what you are saying and what im trying to say, red is you and blue is me

They then send out reams of phishing letters in the hope that a few will pay up without question.
Hahaha oh dear, and you still do not understand davyb, my lord its unbelievable.

If they continue you can quote the legislation which in this case i believe would give you ample protection.
The HP act 1965 ensured that the innocent purchaser of a vehicle that was under a HP agreement would not be sanctioned, as long as they made the purchase in good faith.
Come on now davyb, ignorance of the law is no excuse, or lets put it another way, If you do not know your rights then you have none.

Are you beggining to get the picture now davyb.

[Guest]

Re: MMF - Outstanding Finance

Yes i got the picture after your first post

D

[legalese]

Re: MMF - Outstanding Finance

Its very difficult to come to terms with isnt it davyb

[Kinjo]

Re: MMF - Outstanding Finance

Thanks for the replies, I will ignore the letter.

I was actually thinking of selling the car within the next few months, am I allowed?


Is any of this something I should be worried about?


Thanks again

Kinjo

[legalese]

Re: MMF - Outstanding Finance

No nothing at all Kinjo, do not worry Yes sell it.

over to you davyb.

[Guest]

Re: MMF - Outstanding Finance

Thanks for the replies, I will ignore the letter.

I was actually thinking of selling the car within the next few months, am I allowed?


Is any of this something I should be worried about?


Thanks again

Kinjo

As far as i can see as long as you bought the car in good faith, as far as i can see the only reason that you would be prohibited from selling is if there was a fraudulent sale in its history, you have not received any notification from the police of this.

I think it would be safe to proceed on the assumption that this is a scam until proven otherwise. Only my opinion of course

D