Finance Companies

persha

Hi - I have never had to pay for a statement, the only thing I have to pay for was copy of reference or information held about you (data protection) etc, I received statements from Paragon Finance, previous estate agent, Yes Car credit. I am positive you don't have to pay, my son has also got statements from Barclays Bank and not had to pay. Hope this helps

manhater

Is there a stipulated charge that a car finance company can charge (fees) that is deemed a reasonable amount through the high courts if so what is that amount, if not do i ask for all penalty charges to be refunded in the same way i have for the bank charges?

thebrawler

Hi,

does anyone know if the law about unfair bank charges covers Finance companies as well?

I've been stung by Hitachi Capital and was told by their staff that law didn't apply to them, only to banks and credit card companies.

any truth in this?

Thanks

kevster1009

I have been charged £150 ish on the above, do these count as illegal charges?

Also I have NOT paid them yet so what does everyone think I should do about it?

Thanks

Kev

kevster1009

any ideas please????

hopeless_case_2

Can i claim charges i have recieved on my car loan with gemoney?

hopeless_case_2

ca anyone help

Twinkly

hopeless_case wrote: »

Can i claim charges i have recieved on my car loan with gemoney?

You could reclaim late payment fees if you assume they are excessive and wish to test it in court or with the ombudsman. If you list the charges you are thinking of reclaiming perhaps someone can offer better advice as to how to proceed.

margaretfcm

Hi
I've recently got behing on my payments on a secured loan from Kensington
and have been charged over £400 in late fees/cancelled dd etc. Can these be challenged? It's going on and on and don't see how I'll every catch-up.

Any ideas / thought would be greatly appreciated

thanks

nuttynik1965

Any penalty charges can be challenged.

I have penalty charges added from Black Horse. I am going to challenge them, ask them to take them off the balance, and recalculate the interest as if the charges never happened.