PCF Bank Car Finance - have i Paid +1/3 HP Agreement? **RESOLVED**

[dx100uk]

who

they are penalties and are unlawful.

 

dx

 

[dx100uk]

commercial or private purchase?

it will be 'more than just a letter'

 

dx

 

 

[dx100uk]

not sure the ownership issue is there.

would need to confirm by seeing the agreement

but typically once a 1/3rd has been paid the goods are protected under the consumer credit act

 

scan it up to one multipage PDF please

carefully read our upload guide.

 

dx

 

[dx100uk]

its actually a modified HP agreement a conditional sale agreement with a ballon payment or as they call it a transfer fee payment to make in addition at the end before they give title to you of the goods

 

now if thats legal is another matter.

 

but their supervisory authority are the FCA and the fca are down on record as saying any fees for late/letter/returned DD can be deemed a penalty and thus are reclaimable.

though their fees are low and to get to £600 was it? seems there must berather a lot of em 

have you the full statement from day one?

 

[dx100uk]

did you move during the duration of this agreement.

 

dx

 

[dx100uk]

then the trace agent fee is totally unnecessary

close brothers are another lot that pull this stunt so do moneybarn and advantage.

 

why is almost every DD payment shown as  failed and attracts a letter fee

more stupid underhand tactics by then?

 

expand...

 

 

[dx100uk]

they are all unlawful regardless

you don't owe any of them.

 

T&C's can be challenged with great success....

hence

why all the PPI reclaiming...

and

all the historic bank charges reclaiming....

 

 

 

 

 

[dx100uk]

no, but adapt the one you see

its says what is needed.

 

dx

 

[dx100uk]

is this your starline HP?

[dx100uk]

did you agree to the repo?

[dx100uk]

the 1/3rd protected goods figure is always detailed on the back of the agreement.

fees after signing do NOT count toward the 1/3rd sum.

 

you need to tell us far more about the whole story before we can call this one.

 

 

 

[dx100uk]

12 hours ago, dx100uk said:

fees after signing do NOT count toward the 1/3rd sum.

 

no, as I said above...any charged fees after signing do not form a part of the 1/3rd figure, they cant its quoted on the agreement and always must be.

 

so had you paid £1,199.57 by the day they repo'd?

 

 

[dx100uk]

lets see the agreement please

typically advance payments are listed on the agreement and are taken off before the int is calc'd.

pdf only please

[dx100uk]

advance payment is in the agreement.

so now list your payments please and the dates you made each one of them ..please don't guess what they were for..

[dx100uk]

why are you 2 lists different

 

which is correct

 

I ONLY need the date and amount not method

you appears to be hitting wring number keys methinks.

 

I want ALL payment ..nothing to do with any dn date or repo date.

 

simply what all the payments you made to them and its date 

 

dx

 

[dx100uk]

you had paid £1,525.81 in my books at the issuance of the DN

that exceeds the £1199.57.= 1.3rd figure

 

the repo was unlawful - the goods were protected under the CCA.

 

go get all your payments back and an equivalent market value for the car

 

 

 

 

‬

[dx100uk]

thanks for telling use the full story..i like wasting my time..

 

the fact that you were or were not over 1/3rd is totally irrelevant to whether they can charge repo or late fees...

they can't THEY NEVER GOT THE GOODS.

 

 

.

 

 

[dx100uk]

The taking of goods or Voluntary Surrender, which is what results from a repo, doesn't end an agreement as you still owe the principle sum, hence get ripped off by VS rarher than you doing VT.

 

Dx

[dx100uk]

even if they took the vehicle the repo fee would still be unlawful.

as are any other fixed sum penalty charges

[dx100uk]

and it would have to be a certified bailiff taking the car not a powerless repo agent