Buy as you view help

immoral_angeluk

darkside wrote: »

Amount of credit was 1399.99
Total amount payable 2336.88
Term 156 weeks
Apr 45.3 %

It also says the following

You have the right to end this agreement. to so, you should write to the person you make your payments to. They will then be entitled to the return of the goods and to half the total amount payable under this agreement, that is £1168.44 if you have already paid at least this amount plus any overdue instalments and have taken reasonable care of the goods you will not have to pay any more

The agreement was taken out in the second week of April 2010

It's hire purchase, so as such you should have the right to voluntarily terminate the agreement and return the goods. If you do this before half of the premiums have been paid you will be liable for the surplus of what you would've needed to pay to get it up to half, but if it's after providing there's no hidden charges and you've looked after the goods then you shouldn't have to pay any more.

RAS

darkside wrote: »

Amount of credit was 1399.99
Total amount payable 2336.88
Term 156 weeks
Apr 45.3 %

It also says the following

You have the right to end this agreement. to so, you should write to the person you make your payments to. They will then be entitled to the return of the goods and to half the total amount payable under this agreement, that is £1168.44 if you have already paid at least this amount plus any overdue instalments and have taken reasonable care of the goods you will not have to pay any more

The agreement was taken out in the second week of April 2010

Thanks for that. Well done for holding the contract.

darkside wrote: »

Do i give them it back there and then? i have paid over half the money owed for the item but with my financial situation i just cannot afford to pay it any more, any help would be appreciated?

Looks like you can return the goods with no more to pay. Write to them and ask them to confirm this and ask for a return date.

darkside_2

waiting for area manager to come out, women on phone said he might just offer a reduced payment, but no doubt that would terminate existing contract and start with a new one more like and back to square one

qpop

Hand it back and chalk it up to experience. Expensive mistake to make but these threads do a good job of highlighting just how unpalateable these companies are. Good on you for keeping the paperwork, don't let them try to silvertongue their way into any other arrangement.

hallowitch

darkside wrote: »

waiting for area manager to come out, women on phone said he might just offer a reduced payment, but no doubt that would terminate existing contract and start with a new one more like and back to square one

I think you are correct they re write the contract and you start again leaving you worse of
there is a bavy rep and a lot of info on the
http://www.consumeractiongroup.co.uk/forum/forumdisplay.php?164-BrightHouse-and-other-rent-to-own-Hire-Purchase-Stores

darkside_2

still not heard from area manager

darkside_2

The bayv rep came out with the paperwork to cancel the agreement and return the item, no more money to pay and no questions asked.
Have i done the right thing or have i made things to easy for bayv?