Received Cheque from Black Horse, is this for DCA or something unrelated?

Mr_X

Hi guys,

I wrote to Black Horse using the MSE DCA reclaim tool about 6 months ago. I've only been getting acknowledgment emails from them every month or so.

But out of nowhere, I've received a letter with a cheque for £269.91 from them. I can't work out if this is for my DCA enquiry or for something totally unrelated?

I've attached images below of the letter and calculations of the £269.91 figure:

Letter:


Calculations:


Should I cash the cheque or will this close my DCA case? I was expecting a higher pay out but perhaps this is it?

Thanks!

born_again

DCA has nothing to do with interest payments.
As well as letter clearly states why you have a refund, within the 1st paragraph 🤦‍♀️

Nasqueron

Mr_X said:

Hi guys,

I wrote to Black Horse using the MSE DCA reclaim tool about 6 months ago. I've only been getting acknowledgment emails from them every month or so.

But out of nowhere, I've received a letter with a cheque for £269.91 from them. I can't work out if this is for my DCA enquiry or for something totally unrelated?

I've attached images below of the letter and calculations of the £269.91 figure:

Letter:


Calculations:


Should I cash the cheque or will this close my DCA case? I was expecting a higher pay out but perhaps this is it?

Thanks!

As an aside from the post above, I don't know why you were "expecting a higher pay out"? FCA haven't even ruled there was any wrong doing, let alone if anyone is due any compensation or not

Hoenir

The letter appears to be self explanatory. A miscalculation during the Covid Pandemic period. 

FormerMotorFinanceWorker

This is not DCA related - they just mis-caulcated the interest on your motor finance extension, most probably not including a pending payment as part of the recalculation.

Due to the extension its unlikely anyone will get a DCA compensation cheque for another 16-18 months at the earliest