Barclays Partner Finance (BPF)- from 07/2014- Do they still have the paperwork?

dunstonh

Bear in mind, after the Supreme Court rulings, BPF must now be very clear, that any agreement which did not have a DCA applied, will no longer have any credence. So for my case to be accepted by them & moved forward, gives me the impression that my agreement did have DCA within it.

The Supreme court didn't rule on DCA. It was on commission itself and the only bit that was upheld was the excessive commission.

The FCA has yet to say what is defined as excessive.  So, they have to log your complaint but the response doesnt give you any hints as to outcome.

I did read, that Martin has stated, that there are approximately 50% of agreements which had DCA applied within them, so my agreement must be one of the 50%. Or am I thinking too optimistically.

Having DCA doesn't mean you paid more, though. it could be neutral or positive (where you paid less - such as during promotional deals or to get you over the line on a sale).  Only negative DCA is the issue.  So, whilst it has been estimated that 40% had DCA, we don't know which of those were positive, negative or neutral.

How long does anyone keep documentation?  One large motor dealer I was associated with who had multiple branches and franchises kept it for many years until finally running out of space to store it. They then looked into the cost of shredding what they did no longer need to keep. EXPENSIVE

And probably for the last decade or so, they were paperless.   So, deletions would be automated x number of years after repayment of the loan.