An undisclosed car finance commission question

Warmvalves

Hi all,

Wife and I had two car finance agreements, one with Black Horse (around 2005-2009) and t'other with Close finance (about 2012-2015). We don't have any paperwork, policy numbers, bank statement payments to the lender, nothing at all, and can't even remember which of us signed the agreements, but we do remember the companies who provided the finance.

Can we send in individual claims to both companies from each of us to cover whichever of us signed the agreements ? 

Any advice gratefully appreciated. Thanks

Nasqueron

You don't send a claim anywhere as there is no claim, nor pot of money, the cases aren't even decided yet

At best you can write to the lenders with your details and register on their systems

Warmvalves

Thanks, that was helpful...

Hopefully someone else will read my post and actually answer my query.

Desmond_Hume

Warmvalves said:

Thanks, that was helpful...

Hopefully someone else will read my post and actually answer my query.

 In fairness, that is the actual answer. 

TadleyBaggie

And the finance taken out in 2005 predates the period being looked at.

Warmvalves

So, when this very site asks: 

Martin Lewis: Car finance FREE reclaim tool & guide

Are you due £1,000s back from the hidden discretionary commission scandal?

It's all nonsense, because according to Nasqueron, 'you can't send a claim (or reclaim) anywhere'

And that the line - 'Are you due £1,000's back...' must be lies because again according to Nasqueron there is no pot or fund of money to pay anyone back. 

And also on this page - https://www.moneysavingexpert.com/reclaim/reclaim-car-finance - it actually gives a quote of how much someone WAS paid back from (Nasqueron's non existent) pot of money from Black Horse -

'A Black Horse borrower bought a £7,619 car with a 100% loan and paid 5.5% interest (£2,096 over five years), when the cheapest rate available was 2.49%. The ombudsman ordered Black Horse to repay the £1,147 difference in commission, plus interest'

Big fat lies are obviously being published on this site because Nasqueron again flatly stated and Desmond agreed - 'there is no pot of money' and 'cases haven't been decided yet'.

 

Obviously some people ARE being paid out early by finance companies who have set money aside (a pot) and want to get ahead of the situation.

Dear god, you people are giving completely opposite/wrong information from what other pages on this site actually state.

Completely useless

(no need to reply - it's my first visit here, and my last)

Nasqueron

Warmvalves said:

So, when this very site asks: 

Martin Lewis: Car finance FREE reclaim tool & guide

Are you due £1,000s back from the hidden discretionary commission scandal?

It's all nonsense, because according to Nasqueron, 'you can't send a claim (or reclaim) anywhere'

And that the line - 'Are you due £1,000's back...' must be lies because again according to Nasqueron there is no pot or fund of money to pay anyone back. 

And also on this page - https://www.moneysavingexpert.com/reclaim/reclaim-car-finance - it actually gives a quote of how much someone WAS paid back from (Nasqueron's non existent) pot of money from Black Horse -

'A Black Horse borrower bought a £7,619 car with a 100% loan and paid 5.5% interest (£2,096 over five years), when the cheapest rate available was 2.49%. The ombudsman ordered Black Horse to repay the £1,147 difference in commission, plus interest'

Big fat lies are obviously being published on this site because Nasqueron again flatly stated and Desmond agreed - 'there is no pot of money' and 'cases haven't been decided yet'.

 

Obviously some people ARE being paid out early by finance companies who have set money aside (a pot) and want to get ahead of the situation.

Dear god, you people are giving completely opposite/wrong information from what other pages on this site actually state.

Completely useless

(no need to reply - it's my first visit here, and my last)

Because you can't send a "claim" as there is no claim as I said, the FCA and courts are still dealing with it - you can register a complaint, as I said, and wait until it's all sorted

The first case was what set the court case/FCA/appeals in process, there is still no pot of money as understandably the car firms were trying to pay one thing and make it go away