miss sold car loan

harbury62

can anybody help,ford sold a ka too my partner 3 years ago and today we went to the dealer to find out when we could hand the car back, but we have dicovered that my partner has been sold a personal loan to purchase the vehicle we have spoken to the loan company (barclays) and unfortunately thay can't hep us. we don't know where we stand slowly pulling hair out help help help

Anihilator

She signed a personal loan. How is this being missold?

Were you stupid enough to not read it.

harbury62

that was short version she was told it was on options so she could hand it back

Inactive

harbury62 wrote: »

can anybody help,ford sold a ka too my partner 3 years ago and today we went to the dealer to find out when we could hand the car back, but we have dicovered that my partner has been sold a personal loan to purchase the vehicle we have spoken to the loan company (barclays) and unfortunately thay can't hep us. we don't know [/B]where we stand slowly pulling hair out help help help

Quite simple where you stand, your partner owes Barclays the balance remaining on the vehicle.

Inactive

harbury62 wrote: »

that was short version she was told it was on options so she could hand it back

So she would have read the agreement before signing it?.

Anihilator

Inactive wrote: »

So she would have read the agreement before signing it?.

Options may refer more to the type of deal rather than finance type i.e after the loan finishes she has the option to pay the balance, return the car, or trade it in.

This is what I would take an options finance deal to be.

Whether it was personal loan or HP wouldnt make a difference here. PL's are often used where the applicant doesnt qualify for HP however she still would have had to read and sign for a PL.

harbury62

we agreed on a option take it back 3yrs or chop in against another or balloon payment after salesman went off he then came back took partner too another room and was told to sign for car so she did i know what your saying but when you ask for somthing and your told youve got it she signed sorry one finger typing

kai666

Expensive lesson! read what you are signing, how ever long it takes, whatever the pressure being exerted, after all you have to live with the consequences not them

'Act in haste, repent at leisure' as the expression goes

harveybobbles

Lots of comapies are doing persoanal loans rather than HP as with personal loans its harder to hand the car back/VT and the finance company beong out of pocket.

kai666

he or she is correct about the term mis sold being over used on these boards though

BTB1 wrote: »

I think the OP is at fault for not reading the agreement.

However, answers like yours should not be allowed, you are nothing more than a keyboard warrior.

:mad:

eschaton

kai666 wrote: »

he or she is correct about the term mis sold being over used on these boards though

Nice to see someone agreeing, the use of the words is pathetic.