Voluntary termination

lisahth

So, I've just returned a car under a voluntary termination and have taken out new finance (better deal) with another company. I have received an email and a letter confirming I have a nil balance to pay. The only thing left is for them to confirm they are happy with the car after I dropped it off at a drop off point.

I got a random email yesterday from them stating I had been refused motor finance and they had completed a soft search on my credit file? I have not made a new application with this company.

Does anyone know why and how they can do/have done this without an application or my consent.

Thanks in advance.

neilmcl

The simplest thing would be to speak to them and ask what is was about.

Mercdriver

They might be checking whether you are abusing the VT clause. It isn'yt intended for use as a change of car, but as a fallback for people who are on their ar5e and cannot pay.

Ectophile

Mercdriver wrote: »

They might be checking whether you are abusing the VT clause. It isn'yt intended for use as a change of car, but as a fallback for people who are on their ar5e and cannot pay.

Why does that matter? It's a right to VT a car once half the total finance it's paid. There is no requirement to explain why you are doing it.