Mobile Money Took My Car

[taff18]

HI

mobile money repossessed my car over two years ago, heard nothing until two weeks ago then a letter came from a collection agency saying i still owed 1000 plus for this car.

i heard nothing off them as to what they sold the said car for

any advice please

[snugs1235]

Hi,

 

who wrote to you? Did you have the car on hire purchase or something?

[taff18]

HI

snugs

took a loan out with mobile money could not afford repayments so when they said they were repossessing the car we let them take it and thought that would be the end of the matter that was nearly two years ago, car was auctioned on ebay i dont know how much for but now i have a letter off a colection agency acting on behalf omm asking for a 1000 plus

like i said we dont know/or have been informed how much the car sold for or how much we still owed on the agreement until recently

[snugs1235]

Hi,

 

If I were you I would do a data request, which means that they have to provide you with any details that they hold in your name. It sometimes costs up to £10 for this information but they have to provide it under the data protection act.

 

When the information comes back you will see how much your car sold for and what the remain costs are made up from. This will show the interest etc. There are other posts on here that can help with explaining who to contact if the interest rates are unreasonable (I think its the OFT or Financial Ombudsman, but I cant say for sure).

 

Otherwise, if the information that you get back seems to be correct in making the figure of £1000, I think you could argue that any interest in the past two years is unreasonable, considering they have not contacted you in that time. I always deal with companies like this in writing and keep a copy of the proof of postage.

 

I got into debt about ten years ago and I still get the odd letter now from random debt collection agencies. They buy the debt from the original company and then send letters when they get around to it. This may be what has happened to you.

 

If you do not want the hastle of doing the data request you could always just write to them saying you will not enter into any further conversation regarding this debt until they have provided you with the breakdown of costs.

 

There may be other posts on here about the same company so you could always do a search to see what others are thinking/doing.