If You have a British Credit Trust Account Read This!!!!!!!!!!!!!!

Targetloans

Hey All BCT Customer

As you are all probably aware by now the majority of your accounts are being administered by Target Group.Also thousands of you are recieving Arrears notices dated back as far as November Last year!!

Target are breaching the consumer credit act ( sectiond 9 and 10),what you should know is that the date on these letters is the date you should have recieved these notices.Now between the date you should have recieved the notice and the date it was sent you are not liable for any Interest applied to the account nor default sums or legal action/fees. This has not happened, you have been charged Interest,default sums and legal fees.You should ring Target/BCT and ask for all these charges to be refunded to your account, and anyone who has had their car reposessed or have had legal action brought against them seek advice from your solicitor.

the act states that "the creditor or owner shall not be entitled to enforece the agreement during the period of non compliance" also "the debtor or hirer shall have no liability to pay-any sum of interest to the extent calculated by reference to the period of non compliance"

Hope this helps

jonesMUFCforever

I take it you owe them money and they claim you are in arrears?

Targetloans

well they must think we are stupid and cant read, everytime you ring their contact centre they are rude and unhelpful, they even sent baliffs to take my car who were threatining to say the least.the other day i recieved a letter backdated to november last year, i queried it with them and they said it was in error???? so i done some research and the post is for anyone who is in the same position as me, i intend on claiming all my interest and legal fees back.i urge everyone else to do the same

RichGold

I'm pretty sure that if you read your original agreement then you will actually be liable for fees if you are in arrears, its the nature of almost any kind of credit.

It was/is the responsibility of anyone who was/is in arrears to clear those arrears or not get into arrears in the first place. The fact they are only just getting around to sending out letters doesn't mean a lot really. The ball is in the court of the person with the credit, not the lender, to ensure they are not in arrears I should think.

Targetloans

all i can say is read the act, its all there in black and white, how am i to know if im in arrears if i dont get notified,as far as i was concerned my direct debit was fine, no phone calls,letters to say otherwise. once you have read the act, then please comment again

RichGold

Targetloans wrote: »

how am i to know if im in arrears if i dont get notified

Your original agreement will show the amount you should be paying per month. Does that match whats leaving your account?

Targetloans

think your missing the point slightly, between the time i should have had my notice and the time i actually recieved my notice i have been charged £1000 in interest, under the guidlines of the act i am not liable to pay this amount and i want it deducted off my account as its not enforceable

RichGold

So you're in arrears then?

jonesMUFCforever

If the CORRECT repayments were going OUT of YOUR account on time you would NOT have been charged one penny EXTRA in charges and interest.
This information would have been accessible from your bank account statements either paper or online.

Targetloans

i understand that but i did go into arrears, like the other thousands of customers with BCT, im sure im not the only one.However the fact reamins i should have had my notice back in november 2010 and they cant enforce the interest,charges and legal costs bewteen then and May this year.

chanz4

I had one with them years ago 2005, they were really reasonable finance company and I think they have every right to reposess their property. Its not your car until every penny is paid