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Black Horse "Collection activity fees"

mikeb222
mikeb222 Posts: 149 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Loans
Hi Guys,

I unfortunately have a secured loan with BH
I have been one month behind with payments for 6 months and every month they send me a letter telling me they have charged me £30 for a "collection activity fee"

Is this legal and can I reclaim these fees?

Comments

  • petermb_2
    petermb_2 Posts: 1,565 Forumite
    mikeb222 wrote: »
    Hi Guys,

    I unfortunately have a secured loan with BH
    I have been one month behind with payments for 6 months and every month they send me a letter telling me they have charged me £30 for a "collection activity fee"

    Is this legal and can I reclaim these fees?

    You need to read your terms and conditions to see what they stated they would charge in such circumstance. If it is in their T&Cs then they can rightfully do it..................Providing there agreement stands up to the CCA regs
    I am a former Broker, former IFA and former compliance officer, for my sins.

    However, I have since seen the light.
  • petermb_2
    petermb_2 Posts: 1,565 Forumite
    sorry corrected myself "their" agreement stands up to the CCA regs
    I am a former Broker, former IFA and former compliance officer, for my sins.

    However, I have since seen the light.
  • ~Brock~
    ~Brock~ Posts: 1,715 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    petermb wrote: »
    sorry corrected myself "their" agreement stands up to the CCA regs
    Lol - one wouldn't want to fall foul of the grammar police now would one.:rotfl:
  • petermb_2
    petermb_2 Posts: 1,565 Forumite
    ~Brock~ wrote: »
    Lol - one wouldn't want to fall foul of the grammar police now would one.:rotfl:

    LOL ! Tell me about it.
    There are people losing their homes and losing their cars, some facing bankruptcy and ruin but god help you if you spell incorrectly
    I am a former Broker, former IFA and former compliance officer, for my sins.

    However, I have since seen the light.
  • mikeb222
    mikeb222 Posts: 149 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    petermb wrote: »
    sorry corrected myself "their" agreement stands up to the CCA regs


    What is the CCA Regs and how would I find out if it complies with them?
This discussion has been closed.
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