Liquidators/ credit cards

Hi . A sewing class I had paid for in advance has gone into liquidation. I paid £100 on my credit card and have started the process to claim it back , but I have been told by a friend that the liqidators can take the money off me and put it into the company's assets. Does anyone know if this is right please . If so is it worth the effort of claiming if I won't get it after all . Thanks in advance

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  • MallyGirl
    MallyGirl Posts: 6,515
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    sorry I can't answer your question but you will get more response if you post it in the right place - this is the stoozing section
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected].
    All views are my own and not the official line of MoneySavingExpert.
  • Thank you ,not sure where to submit my question or what stoozing is. Not really up on all the lingo . Thanks
  • molerat
    molerat Posts: 31,555
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    The liquidators will use your money and you will become an unsecured creditor the same as anyone else and may be entitled to pennies in the pound back if anything - but as you paid by credit card the card company is jointly liable for the failure to supply the service and should refund the full cost of the course even if it was more than the £100 paid on the card.
  • You posted in the wrong section of the forum, but here goes:

    You should be able to make a Section 75 claim against your credit card company for breach of contract (i.e. not providing the service). Here's the MSE guide on it.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • Johno100
    Johno100 Posts: 5,259
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    molerat wrote: »
    The liquidators will use your money and you will become an unsecured creditor the same as anyone else and may be entitled to pennies in the pound back if anything - but as you paid by credit card the card company is jointly liable for the failure to supply the service and should refund the full cost of the course even if it was more than the £100 paid on the card.

    The money most probably went into a serious overdrawn bank account. But yes the credit card company are jointly liable, so if they refund the OP then they will be a creditor in the liquidation in his/her place. Whether they get their act together and bother to submit a claim in the liquidation is another matter.
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