Yep - Welcome Car Finance Again (sorry!!)

hedkandikitten

Hi all


First post, so please be gentle!


I have been reading the comments regarding WFS for some time now as I have Car finance with them which started in Feb 2008.

Anyway, I had to call them a couple of weeks ago regarding changing my bank details, and was asked whether I would consider settling in full. Following reading the posts on here, I told them that I would consider it, only if the figure was sent to me in writing (which it surprisingly was). Since I planned to pay some sort of settlement, I stopped my monthly payment of £152.00 (June payment).

I received a letter (dated 29/05/2010) on 06/06/10. I then wrote back to them on 07/06/2010 with a counter offer of 30% of the settlement figure (cheeky I know, but if you don't ask, you don't get!). I sent it via special delivery, so I know it was received, but to date (21/06/2010), I have not heard anything back from them - not post, nor phone, nor visit!

My question is - do you think I should contact them? The last thing I want is court documents sent to me saying they want to take my car! I have had it now for over 28 months, and the original loan was for 48 months, so I know they cannot just cart it away without me knowing, but part of me is scared that they might.


Any help much appreciated!

HKK

Beast

You should absolutely not stop paying until a settlement has been agreed.

paulmcerlean

The only thing you are likely to get from this is a a series of late payment markers on your credit file and default. NEVER stop paying before a settlement has been agreed and actioned.

CHR15

What on God's Earth made you think stopping the repayments was a good idea??

You could have dug yourself a huge hole...

Malky

hedkandikitten wrote: »

Since I planned to pay some sort of settlement, I stopped my monthly payment of £152.00 (June payment).

You are kidding right?
As posted already, I think your credit file is going to be shot to pieces in double quick time if you cancel your repayments.
I think you should contact them again ASAP

immoral_angeluk

If you've only missed the june payment then call them ASAP and set it back up, they may not put a missed payment marker on your credit file if you catch them quickly ad before they report to the CRAs.