Did you have a Black Horse personal Loan?

SpiceIsland

telecomengineer wrote: »

Hi all

I have previously had and paid off 2 HP agreements with black horse for some DFS sofas - does this apply to these types of agreements also?

Thanks

PART 3 Regulation 4(c)
FORMS OF WORDING TO BE INCLUDED IN FIXED-SUM CREDIT
STATEMENTS RELATING TO HIRE-PURCHASE OR CONDITIONAL SALE
AGREEMENTS

5. The following forms of wording shall be included, as appropriate, in a statement under this
Part:
“Termination: Your rights
You also have the right to end this agreement early in accordance with section 99 of the
Consumer Credit Act 1974. You will not have to pay all the sums due under the agreement
but you will not be entitled to retain the goods if you do this. Details were set out in your
credit agreement. If you wish to terminate the agreement you should contact us for further
information including any amount payable on termination.”.
“If you wish we can provide you with separate settlement figures for your [hire purchase]
[conditional sale] [NOTE 1] agreement and for your insurance finance agreement. Please
contact us in writing to obtain this.”

Check your annual statement for the above, if not included you are not liable for the interest for the duration Black Horse failed to adhere to the

CONSUMER CREDIT
The Consumer Credit (Information Requirements and Duration
of Licences and Charges) Regulations 2007
Made - - - - 31st March 2007
Laid before Parliament 4th April 2007
Coming into force in accordance with regulation 1(2) and (3)
The Secretary of State makes the following Regulations in exercise of the powers conferred by
sections 22(1B) and (1E), 28A(3)(b) and (6), 77A(2), 78(4A), 86B(8), 86C(6), 86E(2) and (7)(b),
88(1) and (4), 130A(6), 182(2) and 189(1) of the Consumer Credit Act 1974(a).

lizards

I had a Black Horse car loan taken out in 2000, think I repaid it in full a few years after that. Would any of this apply as it's pre 2008? What about the PPI stuff - although I don't remember if I had PPI on it or not.

I've moved house many times since I had the loan so I wouldn't have expected anyone to track me down, but there's little point in me firing off letters with questions if there's no chance of anything!

Thanks if anyone can help! :-)

SpiceIsland

lizards wrote: »

I had a Black Horse car loan taken out in 2000, think I repaid it in full a few years after that. Would any of this apply as it's pre 2008? What about the PPI stuff - although I don't remember if I had PPI on it or not.

I've moved house many times since I had the loan so I wouldn't have expected anyone to track me down, but there's little point in me firing off letters with questions if there's no chance of anything!

Thanks if anyone can help! :-)

BLACKHORSE are one of the Companies who are not "forthcoming" with PPI. You need to send a letter to them ( signature on delivery- only cost you £1.72). Within that letter make a complaint regarding your PPI. Other threads on here will give you a template. For the sack of £1.72 well worth the letter! Good Luck

SpiceIsland

Who remembers these dropping through your letter box after having a Black Horse Loan for 6 months?
I have over 30 documents relating to Black Horse, anybody need anything,,drop me a line. I have been given old " Master Documents" which include the original wording of agreements etc. Very Handy

lizards

Thanks for that! I'll definitely ask them about the PPI, although I do vaguely recall always rejecting PPI on principle at the time. I was one of the few who knew to I guess as it seemed pointless. At the same time though it was through a car dealership and there were all sorts of very weird APR-related things going on that I didn't understand and didn't seem to add up.. and I was fairly savvy back then. The dealer was clearly trying to confuse me over something, so I don't know for sure if I had it.

Can I also request a copy of the original loan agreement at the same time do you know? If I do get it, how would I know if it was/was not enforceable?

Thank you!!

Eric_the_cat_2

Hi All

Apologies, new to MSE forum.

Can anyone point me in the direction of a template letter for reclaiming Black Horse interest.

Had a personal loan for 3 years from 2007 & would love to claim back whatever is possible!

Thanks

Molly80

Molly80 wrote: »

I am in the same situation as SpiceIsland as I have 2 personal loans from 2009. I have sent a letter to Black Horse today and will post any updates as I receive them.

Just to update on my situation. I received a letter 2 weeks ago from Black Horse to say that they were investigating my complaint, though it could take up to 8 weeks before I get a final decision. Today I was left an answerphone message to say that they did not have any updates and are still investigating the issues that I have raised. I suspect they will take 8 weeks before they reach their decision.


Has anybody else had any success reclaiming interest from a Black Horse personal loan?

Dan_Padget

Hi Molly could you share how you started your complaint to Black horse? Can't seem to find any guidance on this. Thanks

SimonSays

SpiceIsland wrote: »

Having a merry dance with them this week!

Letters both ways and a few others on another site about to issue Moneyclaim on line. Going to enter the New Year with a Bang!

PS , now received a letter saying they are " looking into my complaint" dated 3 days after they told me on the phone they had not upheld my complaint. They do not like the prospect of Court.........they dont like it up em!

True to form this is exactly what I was told would happen by somebody in Cardiff. 1)Complaints advisor rejects claim and informs complainer by phone- YEP GOT THAT
2) Complainer rejects Black Horse decision and sends further Letter-YEP DONE THAT
3) Black Horse responds saying the complaint is being looked at AGAIN-YEP GOT THAT
4) Black Horse try to draw it out -YEP GOT THAT
5 Black Horse offer small goodwill gesture WE WILL SEE
6) Complainer rejects token offer WE WILL SEE
7) Complainer issues Court Documents WE WILL SEE
8) BlackHorse settles or digs in for Court WE WILL SEE WE WILL SEE
9) Court decides

based on your attitude I hope you lose

keftin

Can't find any source which states that information must be provided on the statement to inform people about being able to make overpayments.