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Can I get compensation for my car being repossessed?
9th July 2011
My car was taken from my home 1 month ago without confirmation from finance company.
The finance co contacted the guarantor by phone 2 weeks before and said that they would call back as they were informed that the car was paid for 1 year ago, in full end of 2009. They did not call just picked up the phone from my address. I thought it was stolen as I had no prior warning or a note from them, They cannot find the payments and I have sent them proof from my bank for the 6 requested. this has had a massive impact on my life as I drive to work etc.
The finance co did not update their records of change of address for guarantor in 2007 so he did not receive any warning letters and he has not changed his phone number. They called in the past when the could not find payments which was resolved by them checking their records for some time. My circumstances have not changed and set up a direct debit for 5 years without any breaks.
For all that read the details properly, the car was paid for in full 1 year ago and I have the bank statements to prove, the finance company cannot find the payments as they merged with another co in 2007 and they have made previous calls to say that they cannot find payments which they later found. I was not informed personally of them removing it by letter because they did not update their records previously with the guarantors new address. But have always had the same telephone number. We called the finance co because of a previous call they made to the guarnator saying that they was going to remove the care of which they were told that the car has been paid for. And I did report it to the police first and they could not trace ithe car in the whole country for 3 days thats why we called the FC. I also faxed my evidence to the FC 4 times and posted before they finally gave me a call, to say that they received it 2 weeks ago no one updated the history at no time.
A few years ago I purchased a car with a limited drivers privilege after a DUI. then a couple of months later I was stopped again by a cop and took me to jail for drinking and driving. He then towed my car. My case was dropped due to certain circumstances. I didn’t have enough money to get my car out of the towing yard and they said I needed a licence to get the car out. I called the bank cause they have the title. And they said there is nothing they can do, to just keep on paying the loan. So I’m still paying off a loan for a car I don’t have cause I don’t want bad credit. Is this right? Should I be doing this? or have I been had?
A few years ago I purchased a car with a limited drivers privilege after a DUI. then a couple of months later I was stopped again by a cop and took me to jail for drinking and driving. He then towed my car. My case was dropped due to certain circumstances. I didn’t have enough money to get my car out of the towing yard and they said I needed a licence to get the car out. I called the bank cause they have the title. And they said there is nothing they can do, to just keep on paying the loan. So I’m still paying off a loan for a car I don’t have cause I don’t want bad credit. Is this right? Should I be doing this? or have I been had?
Very Cheap Repossessed Car Auction
8th May 2011
Which vehicles do you like better, second hand or new cars? You can find a vast number of new and used cars at the repossessed car public sale. There are a lot of benefits from purchasing a car from bank repo car auctions. Net worth is relatively very economical. I think this is a great means to acquire your dream car.
Every day you can come across countless cars at this bank repo car public sale. There are a variety of cars at a public sale site. You can find cars, trucks, vans and motorcycles at an auction site. A lot of automobiles publicly open for trade usually start at 0. Get in touch with your local banks and find out about it, when and where they hold their repo car public sale.
When you have determined on your dream auto, institute a preliminary bidding on that car. If your bid is the highest offer, you are awarded to be entitled for such purchase. If the offer gets outside your financial conditions, you can at all time stop and walk away from the financial institution repo car auction. The significant thing to keep in mind is that you should ensure the public sale policy before you start offering. Read and appreciate any policy and circumstances.
With highly advance expertise, now you can have way into limitless data reference. Do your study first and evaluate car monetary values. There are several online car public sale websites on the internet. Look for a website that provides unrestricted searches for a membership. Becoming a member of an online car forum could give you detailed information about the car being publicly sold. This way can assist to put aside a lot of cash. Make sure you find what you wish for for the amount you are going to be outflow. When I have time, I, at all times go to the public sale sites and do a checklist of my preference
To learn more about Repo Auctions, just Click Here.
Article from articlesbase.com
In the UK (England and Wales Law)…just to clarify.




