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Available Car - Bank of Scotland PLC Loan - Discretionary commission arrangement???
Hello everyone,
Fortunately, I've managed to retain all the paperwork from a car finance agreement dating back to 2009. I'm currently having trouble locating contact information for Bank of Scotland (BOS) regarding the submission of a claim to investigate whether they employed a Discretionary Commission Arrangement with Available Car. Does anyone happen to have the address for sending such claims?
It appears that I was charged a rather high-interest rate:
- APR: 14.6%
- Total charge for credit: £3,304
I was informed that the high rate was attributed to my limited credit history.
If anyone else is facing a similar situation with Bank of Scotland, please feel free to comment below!
Comments
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The issue is with the car company more than Bank of Scotland though they were part of the Halifax group now owned by Lloyds - why not ask Available Car given they did the financeDanDerby said:Hello everyone,
Fortunately, I've managed to retain all the paperwork from a car finance agreement dating back to 2009. I'm currently having trouble locating contact information for Bank of Scotland (BOS) regarding the submission of a claim to investigate whether they employed a Discretionary Commission Arrangement with Available Car. Does anyone happen to have the address for sending such claims?
It appears that I was charged a rather high-interest rate:
- APR: 14.6%
- Total charge for credit: £3,304
I was informed that the high rate was attributed to my limited credit history.
If anyone else is facing a similar situation with Bank of Scotland, please feel free to comment below!
Do note a high APR for poor credit is perfectly normal and not an indication of DCASam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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