Finance Companies

natweststaffmember

not sure to be honest, can you explain a bit more

HEADACHE

Hi

Ive got a 4yr car finance agreement,Ive had it for over 2 years and is bound under the consumer credit act 1974 etc.

Ive had a couple of instances when ive had a DD return and the finance company insist on charging me £30.They get really shirty when I question the charge but I cant really afford to pay it on top of a hefty monthly payment.:mad:

Are they entitled to the full £30 or just £12 which the OFT ruled on re-credit card charges last year.

can anyone help?

thanks in advance:T

LozBingley

paulchris wrote: »

hi my question is i'm reclaiming my bank charges allready but upto now the car finance charges are £1034.92. can i claim this from my bank or has it got to be from the car finance company itself namely black horse. any replies would be most appreciated thank you

Your clam is against Black Horse Finance as they have made the charges against your account with them. Nothing to do with the bank, although they may have also charged you at the same time for bouncing the Direct Debit or Standing Order (double whammy)

LozBingley

HEADACHE wrote: »

Hi

Ive got a 4yr car finance agreement,Ive had it for over 2 years and is bound under the consumer credit act 1974 etc.

Ive had a couple of instances when ive had a DD return and the finance company insist on charging me £30.They get really shirty when I question the charge but I cant really afford to pay it on top of a hefty monthly payment.:mad:

Are they entitled to the full £30 or just £12 which the OFT ruled on re-credit card charges last year.

can anyone help?

thanks in advance:T

They, as with credit cards, are entitled to a maximum of £2! Even the £12 is unlawful so don't be put off and take it to court

becky27

hi i was wondering if i could claim back my charges from blackhorse?? i have just finished paying my loan but i have paid over £600 in charges.

TIA

Becky

IZZY01

becky27 wrote: »

hi i was wondering if i could claim back my charges from blackhorse?? i have just finished paying my loan but i have paid over £600 in charges.

TIA



Becky

Hi Becky,
My son has just finished paying off his car in March, bought through Black Horse. He has charges on top off about £700 for a couple of late payments and returned D/Debits. Some of these were called collection charges and were over £100. How can they possibly justify this. I am going to be claiming them back on his behalf,
Izzy

geoff1057

im ready to take a car finance company to court to reclaim charges for late payments. £26 per charge.i have not got a copy of my T&Cs would you suggest asking the finance company for a copy before i do. Could this company justify their high charge by saying this is interest added for late payment.thank you Geoff

HEADACHE

HEADACHE wrote: »

Hi

Ive got a 4yr car finance agreement,Ive had it for over 2 years and is bound under the consumer credit act 1974 etc.

Ive had a couple of instances when ive had a DD return and the finance company insist on charging me £30.They get really shirty when I question the charge but I cant really afford to pay it on top of a hefty monthly payment.:mad:

Are they entitled to the full £30 or just £12 which the OFT ruled on re-credit card charges last year.

can anyone help?

thanks in advance:T

Many thanks for your reply I really appreciate it.You mentioned that they can claim £2 per charge back and not £12.
Didnt the OFT make a £12 standard charge on credit cards last year?
I just want to clarify it as im unsure whether to go for £2 or £12.
Im sick of finance companies and banks ripping everyone off and im also annoyed with the banks as you have to go to court to get charges back,its a disgrace.

geoff1057

HEADACHE wrote: »

Many thanks for your reply I really appreciate it.You mentioned that they can claim £2 per charge back and not £12.
Didnt the OFT make a £12 standard charge on credit cards last year?
I just want to clarify it as im unsure whether to go for £2 or £12.
Im sick of finance companies and banks ripping everyone off and im also annoyed with the banks as you have to go to court to get charges back,its a disgrace.

the oft £12 ruling was just a guidline, and the £2 charge is what it is more likely to be , ask them to supply you with a breakdown of their charges,guaranteed they wont supply you with this info. so do as everyone does claim back the whole amount

LozBingley

geoff1057 wrote: »

the oft £12 ruling was just a guidline, and the £2 charge is what it is more likely to be , ask them to supply you with a breakdown of their charges,guaranteed they wont supply you with this info. so do as everyone does claim back the whole amount

The £12 is now used by the banks and credit companies as a justification to keep hold of your money! Capital One tried it on me but I refused They have now offered 100% of charges

http://forums.moneysavingexpert.com/showpost.html?p=5711043&postcount=1123

Don't be fobbed off and if you threaten court then take it to court in your time scale not theirs and add interest

Also as I was not able to find anyone else's decent wording on how to reject a partial offer I thought you all might like these words


Dear...

I accept the amount of _____ as part payment and without prejudice to my full claim that I shall still be pursuing through the small claims track in the county court.

Might I also remind you that when I win in court you will be ordered to repay my claim in full, including interest @ 8%, my court fees totalling _____, and in recompense for my time and effort for bringing this case against you, a Self Litigation Fee of an estimated £230.

Yours....