Welcome Finance - Repo & Court - HELP

nickprice153

Hi,


I'm a newbie here, so very sorry if this is something that's been asked before.


Lets start at the beginning.


I purchased a 206CC from a dealer in April 2007 - only been a kid, I was naïve and it was on credit FOR £6,499. The finance was done by "WELCOME FINANCE" at 30.9% APR! I signed the agreement for 48 months and drove my girly car away.


After numerous job fails and other issues, I failed to make payments and in October 2009 the was repossessed. Now when the car went, I was led to believe that it would be a case of clearing the debt as such, no court order was done and no paper work signed. The simply sent a rather large fellow, who blocked the car in on a public drive, and took it away. I was told if I sign a new agreement with a different payment plan, the car would be returned, as it was going to be kept safe In a compound.


It gets interesting, 3 weeks later, the car was reported to the Police for having no insurance and in the same spot on a public road 60 MILES away. It was being used now and again by the repos son (apparently) I found this out after the police came to me to notify me the car was uninsured. Lucky enough, the understood and dropped it.


I then heard nothing, for a long time, thinking I was in the clear, I received a letter from IND telling me they are taking me to court for finance agreement (the court summons has the WRONG account number) So I denied I owe the amount of £11,000.


NOW...I'm panicking!!


I have dug out the old agreement & added up the amount paid over the time I had the car (including the £2000 they go for the car at auction) this comes to over £6500!


When going through the old paper work, I noticed on my agreement, it says that if I had paid £3570.80 - They CAN NOT repo the car without a court order, if they do so, I am entailed to all of the money I have paid BACK. At the date they repossessed the car, I had paid over that amount.


So..I'm now at the point were the Courts have summoned me to appear on the 14th May 2014.


Do I argue I have paid the principle back so why are they chasing someone 7 years later.
OR
Do I argue I have no idea what the credit agreement number is as it has nothing to do with me (on court summons)
OR
Do I simply explain to the courts they have taken the car without a court order, and have shot them selves in the foot, as I would like every penny I paid back?
OR
ANY OTHER suggestions.


I do no doubt for one second, I was stupid to ignore this for such a time, but we learn from mistakes and I now have a £600 Fiesta! NO CREDIT for me ever again!!

nickprice153

Just to make you aware of the sums paid etc.

I had paid:

£4,569.91 up until the car was Repo'd - a £1,000 stated in there credit agreement OVER the amount allowed for it to be reposed without a court order.

Then a further £1918.05 was paid off when the car was sold.

Brining the total to £6487.91 PAID - The original loan was £6499.00 - Do I offer to pay £11.09 in order to argue I have paid every penny borrowed in theory, why is the amount claimed over £11,000?

chanz4

you gave them the keys, so they didnt need the order

stevemLS

Erm, 30.9% interest could account for the higher amount?

Baba02

I hope anyone can help


In March 8th 2008 I borrowed the total amount including interest £8723.20 to buy a car from a small dealer ship. Due to getting a company car I waited month for Welcome to collect the car. It was later sold for penny at auction. This was in July 2011. However since then I am still receiving every few month letters from Welcome headed Sums of arrears stating I still owe £3747.07 but what is even more bizarre is that it is showing on my credit file that I have entered an arrangement to pay £50 per month. I have had no contact with them since a trailer came in 2011 and picked up the car. Its having a huge impact on my credit file, and don't know what to do.


Thanks