We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Discretionary Commission Arrangement (DCA) - Black Horse repsonse
justincm
Posts: 8 Forumite
All 5 my agreements with Black horse had DCA......... Used the MSE template, no fees for 3rd party claims company should I get anything back....
0
Comments
-
Depends on the outcome of the FCA review next year.1
-
To be fair, OP said just that - IF they get anything back, OP just reminding people not to use claims firmsTheSpectator said:Depends on the outcome of the FCA review next year.
As ever, the FCA need to decide if there was mis-selling and if so, what level of refund, if any, applies. Also subject to the legal challenges over the initial cases. Plus of course not all DCA was negative, I would be amused if customers who jumped on the bandwagon and found out they had positive DCA were asked to pay it back
Sam 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.
0 -
Would be amusing but won't be happening. The issue is customer detriment which clearly doesn't occur if the customer gets to pay lessNasqueron said:
I would be amused if customers who jumped on the bandwagon and found out they had positive DCA were asked to pay it back0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.8K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 453K Spending & Discounts
- 242.7K Work, Benefits & Business
- 619.5K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards