In Oct 2009 my daughter took out a credit agreement to purchase a car from ACF, Funding Corparation supplied the finance.
In Oct 2010 she a had a riding accident which left her in intensive care on life support with serious brain damage.
she is now on the road to recovery but suffers with short term memory loss so is unable to work
We informed the Funding Corparation of the circumstances and told them we would meet her committments,
which we have uptill now ( payments been late a couple of times ) we where 11 days late so they sent us a default notice.
As we had thought we had made 24 payments our daughter suggested that we vt it as she still has not been cleared to drive.
So it was a shock to her that it wasnt a hp agreement but a credit agreement secured on the car by way of a bill of sale,
I do beleive she was misled by the sales person as she did ask him would she be able to upgrade the car or vt after half the term.
She is at fault for beleiving him and not reading the documents properly.
When we received the default letter we wrote to them and ask for them to lower the payments and freeze the interest ,they never bothered to reply.We then received a termenation and seizure letter,they have now repossessed the car,I cant get the figures to add up.It`s not the agreement itself its the amount paid and the amount she owes, if I put them up could someone do some quick calcs for me thanks
In Oct 2010 she a had a riding accident which left her in intensive care on life support with serious brain damage.
she is now on the road to recovery but suffers with short term memory loss so is unable to work
We informed the Funding Corparation of the circumstances and told them we would meet her committments,
which we have uptill now ( payments been late a couple of times ) we where 11 days late so they sent us a default notice.
As we had thought we had made 24 payments our daughter suggested that we vt it as she still has not been cleared to drive.
So it was a shock to her that it wasnt a hp agreement but a credit agreement secured on the car by way of a bill of sale,
I do beleive she was misled by the sales person as she did ask him would she be able to upgrade the car or vt after half the term.
She is at fault for beleiving him and not reading the documents properly.
When we received the default letter we wrote to them and ask for them to lower the payments and freeze the interest ,they never bothered to reply.We then received a termenation and seizure letter,they have now repossessed the car,I cant get the figures to add up.It`s not the agreement itself its the amount paid and the amount she owes, if I put them up could someone do some quick calcs for me thanks
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