Thanks for the reply Hamilton i dont want to pay £400.00 for the last two payments when I cant use the car and then i have to scrap it.

not sure if this the right thread, hopefully someone can assist. i bought a car 34 months ago on hp. i have 2 months left but the engine has blown on it and i need to scrap it. someone mentioned to me that the finance company may take the car as it still legally belongs to them. is this correct.

Hi Tosh1 sorry to hear about your redundancy. There are lots of people who are in the same boat as you. Have sent a cca request to Lewis or CL yet I don't think that Lewis or CL are allowed to take a debt over if there is dispute on there.

subbing

ive started paying for items using cash instead of plastic as well as trying to buy british, and using small local shops instead of huge supermarkets.

Just Signed It

Just Signed It

just signed it.

let trading standards know.

Hi Tosh1 Can you complain to the office of fair trading? Here is link. http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/146460-consumer-protection-unfair-trading.html JR1

just seen the panorama programme on iplayer. didn't mention that you need a ccj first before a charging order. didn't mention the harrasment from dca's didn't mention excessive charges also found a petetion and just singed it Petition to: Stop banks from being allowed to place charge orders on unsecured loans. | Number10.gov.uk

I've done some research on this and I read somewhere that 1, Charging orders are still being placed on the debter even when the debter is keeping up with payments on the ccj! 2, Some creditors are selling off the debt to dca's even when payments are being made on a regular basis. The dca's then demand full payment and when payment cannit be made go straight for a charging order. On one occaision someone brought a £1000.00 sofa, failed to keep payments because they lost their job. the creditor got a ccj. While the debter was making payments which were regular. the creditor sold the debt to a dca and the dca demended payment within 7 days and went straght for a charging order and got it. The amount owed was now £15000. Yes fifteen thousand. They carried on adding interest. Some DCA's are specializing in this and go and try to buy this kind of debt just so that a charging order can be placed with interest. As far as I'm concerned, an unsecured loan is an unsecured loan. You pay a higher rate of interest for that.

have you S.A.R them yet?

Just emailed David Camreron. I wish this was reported yesterday.

can the police do anything? is this not a cival matter

it means they are in default!! don't know what happens after that though or what it means

i think you should apply for a sar. not sure though. i think you should ask someone with more knowledge

I urge everyone on this site to sign this petetion. The closing date for this is 25/10/08. We have a chance to add our voice to this. Lots of us on this site have problems with debts (me included). It is in our best interest for everyone to sign this petetion.

can they go straight for a charging order without getting a ccj first?

Petition to: Control the use of Charging Orders as a means by which lenders are routinely securing unsecured debts against peoples property. | Number10.gov.uk

Hi EVERYONE I would like to draw everyones attention to a petition that you should all sign. Basically some of the dca's, credit card firms, banks, building societies and other financial institions are hoping for new legislation. This is for everyone who has taken out a unsecured loan, unsecured credit card and other unsecured loans and are experiencing difficuties making payment. A charging order is a when a financial instition issue an (only after a ccj has been placed) charging order via a court and can take the payment of the loan from the equity from your home. This really means that the unsecured loan now becomes secured against your property. The financial institions are currently issuing more charging then ever. I urge you to click on the link below and sign the petition - Please feel free to anyone who knows more about this subject or can explain this better to add to this thread. Thank you

dont sign anything and dont discuss anything over the phone

Hi Tosh1 Are you aware of the new petition for charging orders

thanks for the info

Hi I am new to this site. This site is very good. could youplease sign the petetion below - Petition to: Control the use of Charging Orders as a means by which lenders are routinely securing unsecured debts against peoples property. | Number10.gov.uk Thank you