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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....
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Depends on the outcome of the FCA review next year.1
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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.
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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
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