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I sumbitted a complaint to Black Horse just after the tool back in February and have been getting the monthly "We’re looking into your information request" emails.
Today I've recieved a letter stating that my two agreements with Black Horse both had DCA.
Now it's a waiting game for the FCA to complete their investigation.
Today I've recieved a letter stating that my two agreements with Black Horse both had DCA.
Remember that DCA can be used positively, negatively and neutral. At this stage, they are just checking whether the dealer operated DCA (at a corporate level). I'm just saying that to ensure you don't get too excited about the expectation that neutral and positive DCA will not get redress. As you say, you now need to wait a year (or two or three depending on court cases and appeals).
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.
