Evolution786
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Everything posted by Evolution786
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Hi - No it isn't regulated under the consumer credit act - so what your saying is I would have zero chance with negotiating a deal with the judge. ? Its just out of curiosity !!!! I have the new finance company taking on the balloon payment thankfully. At least there are companies out there who are still willing to lend !!!!
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Hi - Thanks for the responses - I have now found another company to take on the balloon payment. BMW said if I dont pay the balloon by Wednesday 29th June they will issue a default notice but stated after seven more days they would then register the default notice with Experian - these guys are seriously ruthless people. Out of curosity if I did want to fight them having gone through 48 months with them if I did wind up in front of a judge would I easily be able to convinue the judge to allow me to continue my monthly payments of £1200 for another two years and be able to completly pay off the deal. Plead along the lines of need the car for my elderly parents and children ? Surely as a occupier of the car for 4 years the judge would allow me this ? also if it got to this stage would that be a CCJ ?
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Hello All, I have had my BMW X5 for four years, I have had the odd late payments but I have seen through the 48 months, I have been paying £1176 per month "£56,448" and with a balloon remainder of £23,800. The car cost £60,000 BMW are not willing to re-finance the balloon payment. If I can't find alternative finance where do I stand with this car ? I have only done 8000 miles and I want to keep it long term. Since I have seen through the entire 48 months do I not have some right to keep this car and insist on BMW to continue taking £1176 for a further 24 months which will pay off the car ?
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Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Oh yeah !!!!! Priorityone knows what I'm talking about -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Can you remove this thread? i don't want others to learn how to break the system, I do have the means to repay but others might not. -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
No thanks - apologise for the write off comment I was only kidding this case is totally true. It just goes to show the total lack of procedures in the system - there must be Thousands of people who take huge sums of cash and then leave the country !!!!! -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
But aren't you surprised they allowed all this cash to go ? -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Yeah looks good , I'll pay 2k per month for 6 months and then arrange for the remainder to be paid. I have assets -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Just had a chat with mercers, I must say they are pretty good to deal with. He did say 5% but then I said I could only do 2k per month. He said if I can't clear the entire balance by this month then they would look At that for me, he said there are plenty of options and barclays would not want to loose me ummm wonder Why ,,,,, -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Do you guys have any template for response ? -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Ok I will draft a letter, Priorityone - I do remember them saying the repayments must be 5% per month of the balance owing ? I take it this is where I need to negotiate ? -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
I have a big balance sum owed to mercers and just want advice on how to handle a pay back to the lender. -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Yep I also have to say wow it is big but I needed the cash and now time to pay back. Mercers said if I'm having difficulty to come to an arrangement with them to pay over a longer term so I need to now have that conversation. I know they would not want to sell this debt due to the amount so I want to keep it with mercers and deal with them. So i guess I'm asking what should i propose ? Freeze of interest and then propose 2 to 3k per month ? -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
I'm pretty good with letters, I have also removed the original thread content since you said they could identify !!!!! -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
yep I can't use the card - Ok so how do I go about having a conversation to freeze the interest ? I do have property which I live in but I want to come to an arrangement to pay back. -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Thanks PriorityOne for your responses. Write now I have not proposed anything - what I was thinking was say £2-3k per month -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Like I said in the original statement I want to come to payment terms which they have already offered - I was kidding about the write-off. Its my responsibility so I want to come to some arrangement with Mercers. I'm looking for advice on how best to do that. -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
This is apsolutly true - no kidding - I'm seriously asking for advice on this. I would not waste your time. -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
no Just want advice on how to deal with this -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
Hi BTW - if the cash was not available from my card I would not have completed what I used the cash for. -
Barclaycard Mercers *******BIG BALANCE********
Evolution786 replied to Evolution786's topic in Debt Collection Agencies
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