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Blackhorse...........don't give up!
stuart1979
Posts: 8 Forumite
I bought a car from Peugeot in 2002 financed by Blackhorse and was told I would only get the loan if I took out PPI. Being 22 I just happily signed the form and got my shiny new car! In 2010 I decided I would look into this and used the forms off here to make a claim. Blackhorse denied it and I thought this is the end of that. Late last year I was thinking about it again so I again wrote to them and got turned down This time I decided to put my case to the ombudsmen. They have just found in my favour. £13500 loan over 60 months and then they have to pay interest. I have no idea how much I am due but I am glad I pushed on Blackhorse. Apparently they say no to a large number so anyone who had an account with them don't give up! I am looking forward to hearing from them now with an offer. This account was opened 13 years ago as well.
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Comments
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Blackhorse loans where they were sold their own and didnt use a broker have a high uphold rate at the FOS. The 2005 regulation date doesnt matter when a broker/dealer wasnt used but an agent of Black Horse was used instead.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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