A
female
age
22-25,
melissa1984
writes:We bought a car from 'yes car credit' then we traded it for an mg. So the money we owed on the first car was added to the new one and we are still paying for the new one but now we are getting letters from a company to pay them for the first car. so where do we stand? please help Reply to this Question |
Add your answer to this question! A
male
reader, anonymous, writes (27 August 2007): I'm a bit unfamiliar with UK credit companies, but I will try to help.
The money you owed on the first car should have been waived when you traded it in; and what you paid off should have been deducted from the MG payments.
Was 'Yes Car Credit' part of the dealership where you bought your cars.
If not, when you traded the car in, you should have told the dealership or the new owner of money owing.
Contact Yes Car Credit and discuss the matter with them.
Even if the first car is with a new owner, you still need to pay the money owed plus interest; regardless of your loss from depreciation.
Can you message me the details of the transaction ect. so I will try and sort them out for you.
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