Car finance reclaim from liquidated firms

NotKevinIPromise

First time poster newbie here!

My wife has had cars on finance with 2 lenders who have since been liquidated:
Lifestyle Europe
British Credit Trust

How would we go about claiming in these circumstances?

I can't seem to find who has taken on the liability for the two companies so any insight would be greatly appreciated.

Many thanks,

Newbie

Nasqueron

If they were liquidated, there is no-one to complain to

If a firm did indeed buy the assets, they don't automatically become responsible for the old deals unlike say a takeover 

Also, remember that you are not "claiming" anything, nothing is owed. The firm would A ) Have to have used the discretionary commission model and B ) inflated your APR for higher commission 

400ixl

Firstly, do you actually have anything to claim for?

You would I assume have to go to the administrator if there was one and be put on their unsecured debtor list which essentially will mean you will be so far down the list even if you had a valid claim you would be unlikely to get anything.

DullGreyGuy

NotKevinIPromise said:

How would we go about claiming in these circumstances?

Claiming what?

What evidence do you have that you were negatively impacted by discretionary commission? Or just jumping on the bandwagon which as of yet the FCA may decide doesn't exist

NotKevinIPromise

Nasqueron said:

If they were liquidated, there is no-one to complain to

If a firm did indeed buy the assets, they don't automatically become responsible for the old deals unlike say a takeover 

Also, remember that you are not "claiming" anything, nothing is owed. The firm would A ) Have to have used the discretionary commission model and B ) inflated your APR for higher commission 

Thank you for your comment.
Do you know how do we go about finding out if the discretionary commission model was used and if the APR was inflated for the higher commission in this situation?

Nasqueron

NotKevinIPromise said:

Nasqueron said:

If they were liquidated, there is no-one to complain to

If a firm did indeed buy the assets, they don't automatically become responsible for the old deals unlike say a takeover 

Also, remember that you are not "claiming" anything, nothing is owed. The firm would A ) Have to have used the discretionary commission model and B ) inflated your APR for higher commission 

Thank you for your comment.
Do you know how do we go about finding out if the discretionary commission model was used and if the APR was inflated for the higher commission in this situation?

This is with the FCA at the moment for firms to look into. You can complain to them and they should respond and say if they did then wait for the FCA and if they didn't then you know you didn't overpay