Nope clear as mud I’m afraid As dx says scan the letters up AND set out in detail the Financial aspects of the FOS ruling as requested IMO what you are dealing with is gross incompetence on the part of Creation (rather like Moneybarn) They should in theory set out and explain your options at the end of the agreement and may well yet do so But let’s get to the actual facts and when we can actually understand what is happening, we can then advise on a letter to send if necessary (no template will cover your particular case)

tbh I found your last post rather confusing What is this letter received from section 75? It would seem that they are going to comply with the fos ruling? So if they fix the car and then you end the agreement there will be no argument over condition etc at the end of the agreement so nothing to gain/lose by having it put back in roadworthy condition at their expense They will have to contact you re the end of the agreement, personally I wouldn’t complicate matters Please reiterate again to save wading through the thread the financial details the fos have told them to expedite

Be careful what you wish for Having watched the Fox News debate a couple of the leaders of the pack in the “without Trump market” make the Donald look like a soft lefty

N322A but see what happens from the letter first Probably due to incompetence on Creations part

All you need to do is to send the VT letter stating that the agreement will terminate on xx/xx/2023, that they then must collect their car for which no charge can be levied for collection If and when they invoice you we can then deal with that You will only be paying that which is necessary to bring the amount paid to 50% of the agreement All finance companies hate VT and are full of bluster

By paying the payments all you have succeeded in doing is extending the statute barred date No a creditor cannot just “apply “ for a ccj Give more information on the original account eg date of opening and the various hands that the debt has passed through

OK so slight differences in the figures as you originally said £6318 left to pay so take that from £11662 would mean you had paid £5344 but now you say inc deposit you have paid £5023 towards the agreement with any interest adjustment as dx says your max liability is £808. What the car fetches at auction is neither here nor there to you as you do not receive any money from the sale, It all goes to CB to help towards their considerable losses Normally I would advise sending a SAR to double check for a Default However in your case personally I would just get on with it as if CB realise what has happened they may issue a DN pretty quick , You need to realise you have been exceptionally lucky so far and could walk away from this mess with a profit of £1500 to £2000 My advice would be GET ON WITH IT Click VT for information

God nothings ever simple on this thread However let’s try and work with what we have got Total agreement £11662 You have paid towards agreement £5344 (11662-6318) 50%of agreement £5831 So amount to complete VT and end problems £487!!!!!!! So all we need to do is for you to answer point no1 as @dx100ukhas requested in order to see if your agreement is still eligible for VT

PLEASE just answer the following three questions 1)Has the agreement been defaulted and terminated? 2)What is the TOTAL of the agreement? (exact figure please from your agreement) 3)How much INCLUDING the deposit have you paid? (EXACT figure please) don’t complicate matters just answer the above three questions

Have you researched VT Where do you get the figure of £6000 from???

If the agreement has not been defaulted and terminated, it beggars belief that you don’t get on and VT the agreement You will be in profit And rid of the car Going to a solicitor to take on your case will soon put you in an unquantifiable loss situation

Only a VAT reg trader can add the VAT Coins such as Gold/Silver Britannia and Gold Sovereigns are “legal tender” There is a method of sale for you to obtain a price including the added on VAT Will PM dx with the link

In addition to the above has the agreement been defaulted and terminated?

Firstly the matter could have been settled byVT as advised at a profit Second the initial judgment is purely a money judgment nothing more The wording of the POC of the second claim is so poor that CB could take it apart The agreement is not void No reference has even been made to CCA1974 Feb 21 ”IMO you are inviting open ended risk by not VTing the agreementwhilst you are still able to do so”

Moneybarn making it up as they go along as per usual They cannot take your car or stop you driving it Look to take out a Time Order This will put them back in their box Click the link