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Communication from Black Horse

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I sent an information request to Black Horse about discretionary commission on my car finance policy.  I have received an acknowledgement and a further holding email each saying an update would be provided in 28 days.  All fine and happy with that. I also then received a letter from my car dealership advising that when I re-financed (extended the policy) they charged the wrong rate of interest from that point onwards.  I have also received a cheque from Black Horse. Are the two issues connected or completely separate and just a coincidence?

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  • TadleyBaggie
    TadleyBaggie Posts: 6,645 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    What have Black Horse said?
  • dunstonh
    dunstonh Posts: 119,752 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 24 July 2024 at 2:25PM
    I sent an information request to Black Horse about discretionary commission on my car finance policy.  I have received an acknowledgement and a further holding email each saying an update would be provided in 28 days.  All fine and happy with that. I also then received a letter from my car dealership advising that when I re-financed (extended the policy) they charged the wrong rate of interest from that point onwards.  I have also received a cheque from Black Horse. Are the two issues connected or completely separate and just a coincidence?
    Coincidence.    This is a widespread issue and not just you and people that haven't raised a DCA complaint are getting it.   Once BH realised it involved multiple accounts, they were duty-bound under FCA rules to correct it for everyone affected.

    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.
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