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Thread: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

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  1. #1
    Mzazi's Avatar

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    Default Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Hi,

    Anybody know the link between Direct Car Finance (which was dissolved in 2010) and Approved Car Finance which is still active. Also if AXA Insurance were the Underwriters/Insurer of Direct Car Finance in Dec2001? Please help!!

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    Hurricane Puffrose's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Firstly, and please correct me if I am wrong, I believe AFC's website to be slightly illegal.
    As far as I am aware, a company must show their companies registration number clearly, they have no mention of a company number.

    http://www.acfcarfinance.co.uk/

    Name & Registered Office:
    APPROVED CAR FINANCE LIMITED
    8 WATER MILL CLOSE
    BIRMINGHAM
    WEST MIDLANDS
    B29 6TS
    Company No. 06842097

    Status: Active
    Date of Incorporation: 10/03/2009

    Country of Origin: United Kingdom
    Company Type: Private Limited Company
    Nature of Business (SIC):
    45112 - Sale of used cars and light motor vehicles
    Accounting Reference Date: 31/03
    Last Accounts Made Up To: 31/03/2011 (DORMANT)
    Next Accounts Due: 31/12/2012
    Last Return Made Up To: 02/02/2012
    Next Return Due: 02/03/2013
    Last Members List: 02/02/2012
    Previous Names:
    No previous name information has been recorded over the last 20 years.
    UK Establishment Details
    There are no UK Establishments associated with this company.
    Oversea Company Info
    There are no Oversea Details associated with this company.

    Current directors

    Mr Michael Robert Ryan








    DCF seem to have been owned at one time by Yes car credit, who in turn were owned by Provident Finacial

    In 2005, the company closed its Yes Car Credit division, which had sold second hand vehicles to customers with problematic credit histories via a national network of retail locations, offering the vehicle and finance as a single package.[9] The company had been plagued by bad publicity, including a TV investigation into its selling practices, pressurisation of staff, unreliable vehicles and debt collection methods.[10]

    Interestingly enough.. i can find no record of Micheal Robert Ryan in any directors check I have done.. but i will keep digging and post up as i find.

    P



    Past The Rainbow, North of the North Star

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    Hurricane Puffrose's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    The digging continues.. I have found Mr Ryan, who very scarily is a name sake of the man who commited the Hungerford Massacres (how freaky is that) he is the director of ACF still, though nothing has been heard from him since 2009 by all accounts.

    Direct Car Finance Ltd
    Company Status Dissolved
    Company Type Private Limited Company
    Incorporation Date 03/08/2000
    Dissolution Date 16/03/2010
    Nature of Business 7499 - Non-trading company
    Non-trading company in London
    Appointments Show Company documents
    FINANCIAL INFORMATION ABOUT COMPANY DIRECT CAR FINANCE LIMITED

    Accounting Reference Date 31/12 Phone at 192.com
    Last Accounts Made Up To 31/12/2007 (DORMANT)
    Accounts document Show Company documents
    Last Return Made Up To 03/08/2008
    Return document Show Company documents
    Last Members List 03/08/2008

    PREVIOUS NAMES OF COMPANY DIRECT CAR FINANCE LIMITED

    Previous Name Date of change
    BSURE INSURANCE SERVICES LIMITED 22/01/2003
    WARNING

    This is public information provided by official company register. Materials about company: DIRECT CAR FINANCE LIMITED have been prepared for information purposes only. They are not intended to be nor do they constitute legal advice. Data could have changed since the last update! This page shows information about DIRECT CAR FINANCE LIMITED whose registered office according to registrar of companies is:
    124 FINCHLEY ROAD
    LONDON



    Dissolved
    04046623 D DIRECT CAR FINANCE LIMITED Dissolved 16/03/2010
    04046623 F BSURE INSURANCE SERVICES LIMITED C of N 22/01/2003







    directors
    Dr Roger Joel Gewolb
    Mr David Bromige




    Past The Rainbow, North of the North Star

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    Hurricane Puffrose's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    More info.. sorry for the multiple posts but I post as I find..
    Welcome car finance and AFC.. same people.

    https://www.welcome-car.org.uk/whychooseus.php


    Past The Rainbow, North of the North Star

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    miliitant's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    if memory serves me right, the directors of approved car finance were set up when yes car went tits up (same people) (allegedly)

    the approved car finance web page layout was identical to that of yes car finance and come to think of it, welcome as well

    the only difference is they do not have that lady at the top who was on the tv trying to sell you the car

    REMEMBER THIS, AND YES, I FELL FOR THE SCAM AS WELL IN MY YOUTH

    http://www.youtube.com/watch?v=HACECZ2jQ5M
    Last edited by miliitant; 30th July 2012 at 19:22:PM.

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    Mzazi's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Thank you all...for the info. Still truggling to find the Motor Insurance Underwriter/Insurer for Direct Car Finance in around Dec 2001. Any recollection? Hints? Because the FOS would may take the 'Insurer/Underwritter' route when the PPI & GAP Policy seller/broker is nowhere to be found because it was pre 2005 sale. Please help anybody!!!!!

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    miliitant's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    your complaint needs to go to the financial leasing authority

    they delt with ppi etc before 2005

    yescar/ ACF were members of the financial leasing authority

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    Mzazi's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Thanks but a bit confused! Thought if the lender/broker was a member of GISC then FOS would be dealing with my complain. Please enlight me on this (particularly who should I make a claim against, FOS or FLA?)

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    miliitant's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    as its before 2005

    your response should be directed to the FLA

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    miliitant's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    advisers selling PPI still had rules to follow. Most firms or advisers selling PPI would be covered by a code of practice imposed by one of three trade bodies: the Association of British Insurers (ABI), the General Insurance Standards Council (GISC) or the Finance and Leasing Association (FLA).

    All three codes of practice required advisers to provide information at the time the insurance was taken out, to help you decide if the policy was suitable for you.

    Essentially, advisers and firms were required to cover the same points as they do according to the current rules.
    No extra requirements for advice

    The main difference between sales before and after regulation is that all sales before regulation were 'non-advised', as the 'advised' regime didn’t come in until regulation was introduced.

    So, even if your policy was sold to you before 14 January 2005, if the adviser didn’t cover the points under 'all sales' on the PPI – the rules page, then you may have been mis-sold and should make a complaint.

    With advised sales, the adviser must issue a demands and needs statement to show why a particular policy has been recommended and why it is suitable for you.

    Firms or advisers giving advised sales must keep records showing that a suitable recommendation was made, and recording any demands and needs that might not have been met.
    After the sale

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    Mzazi's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Cheers. So if I contact either of the three bodies you've mentioned above, particulary FLA, they might be able to help me with who was the Insurer/Underwriter for DCF in/around Dec2001? If the answer is YES then I suppose I can find their contact details online or do youhave their contact details (i.e FLA's)? Sorry to be such a pain... taken me 7 months to get where I am, everybody involved refuse to cooperate!

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance


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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Much obliged.

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Will bring my mate Bills attention to this thread.. hes a bit of a PPI whizz! still looking for the underwriters for you


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    Mzazi's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Thank you. Also still digging...

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance



    Direct Auto Finance, a company set up by
    Provident

    In May 2000 AXA acquired all shares it did not already own in Sun Life & Provincial Holdings




    Past The Rainbow, North of the North Star

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    Mzazi's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Thanks for contuining to help me.
    But I am right into thinking Direct Car Finance and Direct Auto Finance are two different companies? I checked Companies house and found them to be two different companies (or am missing something here?) Please continue to help. Because what I am still trying to dig out is who was the underwriter/insurer for Direct Car Finance in Dec2001. latest info reveals either Sterling Insurance or Norwich Union (AVIVA) but don't know the dates as to who was in Dec2001. Please continue to help.

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    bluebottle's Avatar

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    Default Re: Direct Car Finance (DCF), Approved Car finance (ACF) and AXA Insurance

    Please be aware that Yes and a number of associated companies surrendered a number of their OFT Consumer Credit Licences in October 2011. Those licences that were not surrendered have appeals pending with the First-Tier Tribunal against Determinations to Revoke/Refuse Renewal of Licence.
    Life is a journey on which we all travel, sometimes together, but never alone.

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