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The funding corperation

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  • #1

    The funding corperation

    Hi I got this agreement on a car several years back when I was desperate and have paid over half of it back am I eligible to vt or is there anything to do to get out of this as we have a baby on the way and another car and can't afford the high monthly payment thank you in advance.
    Sorry not sure how to upload my pictures of agreement
    Tags: None
  • #2
    Re: The funding corperation

    Originally posted by steve566696 View Post
    Hi I got this agreement on a car several years back when I was desperate and have paid over half of it back am I eligible to vt or is there anything to do to get out of this as we have a baby on the way and another car and can't afford the high monthly payment thank you in advance.
    Sorry not sure how to upload my pictures of agreement
    I'll tag [MENTION=71570]R0b[/MENTION] to help with a VT answer

    You could email the pics to me with a link to this thread and I'll upload them (kati@legalbeagles.info) xx
    Debt is like any other trap, easy enough to get into, but hard enough to get out of.

    It doesn't matter where your journey begins, so long as you begin it...

    recte agens confido

    ~~~~~

    Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

    I can be emailed if you need my help loading pictures/documents to your thread. My email address is Kati@legalbeagles.info
    But please include a link to your thread so I know who you are.

    Specialist advice can be sought via our sister site JustBeagle

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    • #3
      Re: The funding corperation

      Got them:
      Attached Files
      Debt is like any other trap, easy enough to get into, but hard enough to get out of.

      It doesn't matter where your journey begins, so long as you begin it...

      recte agens confido

      ~~~~~

      Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

      I can be emailed if you need my help loading pictures/documents to your thread. My email address is Kati@legalbeagles.info
      But please include a link to your thread so I know who you are.

      Specialist advice can be sought via our sister site JustBeagle

      Comment

      • #4
        Re: The funding corperation

        Originally posted by steve566696 View Post
        Hi I got this agreement on a car several years back when I was desperate and have paid over half of it back am I eligible to vt or is there anything to do to get out of this as we have a baby on the way and another car and can't afford the high monthly payment thank you in advance.
        Sorry not sure how to upload my pictures of agreement
        Originally posted by Kati View Post
        Got them:
        It looks like it's a credit sale agreement, but I can't quite make it out?

        Could you confirm, please?
        CAVEAT LECTOR

        This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

        You and I do not see things as they are. We see things as we are.
        Cohen, Herb

        There is danger when a man throws his tongue into high gear before he
        gets his brain a-going.
        Phelps, C. C.

        "They couldn't hit an elephant at this distance!"
        The last words of John Sedgwick

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        • #5
          Re: The funding corperation

          Sorry I've just seen this yes it is exactly that
          • 1 thank

          Comment

          • #6
            Re: The funding corperation

            I'm pretty certain you can't 'VT' a credit sale.

            I'll give [MENTION=71570]R0b[/MENTION] a nudge.
            CAVEAT LECTOR

            This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

            You and I do not see things as they are. We see things as we are.
            Cohen, Herb

            There is danger when a man throws his tongue into high gear before he
            gets his brain a-going.
            Phelps, C. C.

            "They couldn't hit an elephant at this distance!"
            The last words of John Sedgwick

            Comment

            • #7
              Re: The funding corperation

              I wasn't sure if there was anything else I could do its a horrible agreement and if I could do something it would be great thanks
              • 1 thank

              Comment

              • #8
                Re: The funding corperation

                hello sorry, bank holiday weekend keeping me occupied - Credit sale agreements don't have a VT right I believe, as although it is regulated by the CCA it is not one of a conditional sale or hire purchase. You agree to make the monthly payments over the fixed period but ownership of the vehicle should pass to you straight away.

                II can't see much out of the photos but have a look through your terms and conditions there should be a clause in there which says you own the vehicle, if it doesn't then it could potentially be disguised as a conditional sale agreement.

                Think of credit sale agreement similar to a loan

                If you can upload a better photo of the agreement I'll take a better look at it tomorrow.
                If you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
                - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
                LEGAL DISCLAIMER
                Please be aware that this is a public forum and is therefore accessible to anyone. The content I post on this forum is not intended to be legal advice nor does it establish any client-lawyer type relationship between you and me. Therefore any use of my content is at your own risk and I cannot be held responsible in any way. It is always recommended that you seek independent legal advice.
                • 1 thank

                Comment

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