Just before Christmas I lost my debit card (probably in the snow somewhere!). No bother at all "stopping" it, but of course I was anable to draw cash from ATMs until a new card arrived. I called at my bank and they were quite willing for me to draw cash on cheques, relying on a scan they have of my signature.
Golly. how do you think it worked BEFORE we had ATMs? and cards..
I remember going to one branch and paying in my pay cheque...'can I have
30 quid''Nope, Not till the cheque clears.'
'But I can go and write a cheque at any other branch and guarantee it with my card'
'Do it then'
So I did.
They are much less likely to disappear and you do have a legal right to the vehicle being of satisfactory quality. Trading Standards would not even have got involved with a private seller.
I must admit that the only second hand car that has taken my fancy recently was a Mercedes 300SL Gullwing. It might have a lower top speed, worse acceleration and far worse handling than my existing car, but it did look lovely. That was being sold by the manufacturer in Stuttgart but, unfortunately, I didn't have half a million Euro to spare.
Colin Bignell
At Nationwide it used to be ten pounds. what was the point?
tim
Only problem is it takes a couple of days for the seller to "see" the money in their account, so there is some level of psychological trust needed even though this would appear to be safe as houses
For me the immediate problem has gone away because the offer I have made was not accepted, and I will not be increasing it.
Having researched this my understanding is that is very "normal" to be able to accompany the SELLER to their bank and make a payment into their account by Debit card....so that's what I will offer to do if and when I have a car offer accepted.
D
That was embarrassing, fortunately they wanted to sell the car enough to check. The branch had used old stationery with the wrong phone number on it.
Mind, me being paranoid wouldn't have used the phone number on the cheque...
Andy
I get CHAPS transfers FoC with my account, they do keep trying to persuade me to switch to a newer "better" account, but that's one of the reasons I don't want to change!
The Natwest have such readers.
As do Barclays. All their customer facing personnel have a standalone unit which will verify the PIN on any Barclays credit or debit card presented.
Very unlikely. The HP company owns the vehicle until the loan is paid off in full.
That is simply *not true*, there is an explicit section in (I think) the consumer credit act that says (as I said before) that a buyer who buys a car privately in good faith does have proper ownership of the vehicle regardless of any outstanding HP debts on the car. The HP company only has a claim against the seller.
A quick Google search provides more details, e.g. from
It /is/ true.
This may be true, but there are a lot of people out there claiming that the HP company is trying to reposses all the same.
It looks like the onus is on the purchaser to prove that (s)he bought the car in good faith and was not aware of the HP. In general the HP company is allowed to reposses:
"A car bought on hire purchase or conditional sale belongs to the finance company until the payments have been completed. If you buy such a car, the lender can take it back. You can sue whoever sold you the car, but only if you can find them. There are only a few exceptions to this. If you were not aware the car was subject to an outstanding hire purchase agreement and bought it in good faith, you may be allowed to keep it. "
Well, I gave up on Barclays some years ago because of bad customer service, and went with Nationwide. To the best of my memory my local Nationwide doesn't have pin readers and the local banks didn't have them the last time I went into one. I haven't been into a bank branch for some considerable time, however, because I usually carry out my business either via the internet or by using a card at a retailer nowadays.
Perhaps I ought to get out more? 8^)
Yes, quite, the HP companies try it on but they really haven't got the law behind them. This provision of the Consumer Credit Act is also, of course, something the companies selling HPI checks don't want us to know about because it means their checks are not necessary.
I doubt it, it's pretty explicit if you read the wording of the act itself, the car buyer has good title and if the HP company takes it then it is simply theft.
This, for vehicles specifically, is simpy not true for a private purchase.
Where did you find this quote? I think it's misleading, there's no 'may' about it, you have good title.
Anyway surely "in good faith" would nearly always be true, it's not often one buys a car *knowing* that it's dodgy, if one knows it's dodgy then one doesn't buy it.
From all of which I deduce that logging on to your Nationwide account over the Internet is less secure than logging on to your Barclays acct. The pin card reader that Barclays supplies is used for that purpose and should be much more secure than the username/password approach.
See:
Good luck fighting a Finance Companies £600/hr retained barrister.
Nationwide introduced card-reader login many months ago.
You can still login using the old "memorable data" method for the time being if you want. You select letters/numbers from a dropdown so I'm not sure what data gets passed in the https packet.
In message , "Dave Plowman (News)" writes
Big dealer near us Fords of Winsford. Load of newish 2nd hand cars of all makes at good prices - just don't trade one in.
Provided it is drawn on a UK bank. One of the scams in this area are international bankers drafts which bounce about 6 months later.
Do you mean seller pov?
Easily checked - just ring up issuing branch and ask them to confirm details.
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