We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Yes Car Credit
paulv1969
Posts: 1 Newbie
Hi everyone, new here and I wonder if anyone can help me. I was a customer of Yes Car Credit having purchased a car on credit but as my agreement shows, I wasn't aware that they had included PPI despite my being self employed at the time.
Yes Car Credit have not existed for quite some time and I wondered if anyone else has been successful in making against a claim against their parent company Provident Financial or perhaps its a different route I need to take.
Basically I want to pursue the claim myself using the pre populated letters from here, but just need to be pointed in the right direction as to who/where to write to. Any advice or help would be greatly appreciated. Paul
Yes Car Credit have not existed for quite some time and I wondered if anyone else has been successful in making against a claim against their parent company Provident Financial or perhaps its a different route I need to take.
Basically I want to pursue the claim myself using the pre populated letters from here, but just need to be pointed in the right direction as to who/where to write to. Any advice or help would be greatly appreciated. Paul
0
Comments
-
When was it sold to you?Non me fac calcitrare tuum culi0
-
Who financed the PPI????0
-
The poster joined, and started the thread on 23rd. March. Hasn't been heard from since. Don't hold your breath for a reply . .dannyboy1974 wrote: »Who financed the PPI????0 -
Dear All,
I am looking for some advise.
I stupidly bought a car from Yes Car Credit in 2002, have still got all the original paperwork & paid in full 23rd January 2005. I was charged for the following:
Payment Protection Insurance £1569.85
Mechanical Breakdown Insurance £650.00 ( Been a member of RAC since 1997!!)
Emergency Recovery £330
Shortfall Insurance £145
Collision Call £ 40
Finance charge £ 1969.15
Total £ 4704 @ 34.1% APR, 48 months of £98
I have written to Welcome Finance & Direct Auto Finance and only heard from Welcome Car Finance who stated it has nothing to do with them
I have written to FSO who are waiting for me to hear from Direct Auto Finance.
I need to know if anyone else is having the same problems? Any success stories?
Many Thanks0 -
scottiekath wrote: »Dear All,
I am looking for some advise.
I stupidly bought a car from Yes Car Credit in 2002, have still got all the original paperwork & paid in full 23rd January 2005. I was charged for the following:
Payment Protection Insurance £1569.85
Mechanical Breakdown Insurance £650.00 ( Been a member of RAC since 1997!!)
Emergency Recovery £330
Shortfall Insurance £145
Collision Call £ 40
Finance charge £ 1969.15
Total £ 4704 @ 34.1% APR, 48 months of £98
I have written to Welcome Finance & Direct Auto Finance and only heard from Welcome Car Finance who stated it has nothing to do with them
I have written to FSO who are waiting for me to hear from Direct Auto Finance.
I need to know if anyone else is having the same problems? Any success stories?
Many Thanks
Unfortunately this was pre regulation and the likes of car dealerships were not regulated so have no responsibility for the sale. You need to complain to whoever sold it, they will most likely reject it and then you could try the underwriters but they'll probably reject it to. You have no access to the FOS.
Why did you agree to these packages if you didn't want them?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
I am being chased for a debt by YCC collections. I paid off my car finance back in early 2006 but when I saw they'd added PPI to the loan without my knowledge I refused to pay that portion of the loan off. The balance was about £600 at the time and now they are chasing me for about £5k despite it being statue barred. There is nothing on my credit file and I've totally ignored them to date, but I would like to deal with this but don't know where to start really. Any suggestions?0
-
Huskymumma wrote: »I am being chased for a debt by YCC collections. I paid off my car finance back in early 2006 but when I saw they'd added PPI to the loan without my knowledge I refused to pay that portion of the loan off. The balance was about £600 at the time and now they are chasing me for about £5k despite it being statue barred. There is nothing on my credit file and I've totally ignored them to date, but I would like to deal with this but don't know where to start really. Any suggestions?
Send them a statute barred letter
https://www.nationaldebtline.org/EW/sampleletters/Pages/Time-has-run-out-to-recover-the-debt-(sole-name).aspx
Good forum to look at as well for advice (this is about PPI refunds)
http://forums.moneysavingexpert.com/forumdisplay.php?f=76Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards