Finance for training company in liquids

sue710

Hi
 Because I couldn’t afford to pay up front for a training course I signed up to a finance company and I pay the finance company a monthly amount. However the training company went into liquidation before I received any form of training. I cancelled the Direct Debit to the finance company but they are asking for payment - do I have to continue to pay (the total cost of the course was £4000 ) and there is about £3000 still outstanding but I ve not received any training?

[Deleted User]

If the loan was offered via the company specifically for you to do your training with them, then you have a section 75 claim, which would ultimately mean you would get your money back.

If it was a personal loan, then you need to continue to pay it.

sue710

Thank you. The finance company was the one put forward by the training company and I believe they paid the training company In full and I pay the finance company monthly so does the finance company have to claim their money back as they’re the ones who have paid the full amount 

macman

How did you make the initial payment? Debit card, credit card, or DD?

sue710

Direct Debit 

[Deleted User]

sue710 said:

Thank you. The finance company was the one put forward by the training company and I believe they paid the training company In full and I pay the finance company monthly so does the finance company have to claim their money back as they’re the ones who have paid the full amount 

That's up to them.

You need to put in a section 75 claim, which holds them equally liable - so they either provide the course or refund your money.

sue710

Ok thank you that’s really helpful