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Tracing responsibility for Discretionary Commission Agreement

Smoggie2
Smoggie2 Posts: 3 Newbie
First Post
in Reclaim car finance
I took out HP credit for car purchase through FGA Capital UK Ltd trading as Jaguar Cars Finance.
I believe FGA Capital changed their name to CA Auto Finance UK Ltd. I have not been able to get a reply to my queries from CA Auto Finance.
Does anyone know if CA Auto Finance will be responsible for my Discretionary Commission Agreement claim?

Comments

  • MyRealNameToo
    MyRealNameToo Posts: 1,433 Forumite
    1,000 Posts Name Dropper
    https://find-and-update.company-information.service.gov.uk/company/02739931

    Companies House confirms the name history of an organisation though ideally you want to check company number rather than name as that never changes and is the "fingerprint" of a company. 

    On the basis it appears to just be a renaming then yes, a company changing its name alone doesnt change or avoid any of its liabilities, if there are any. 
  • dunstonh
    dunstonh Posts: 120,000 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I took out HP credit for car purchase through FGA Capital UK Ltd trading as Jaguar Cars Finance.
    I believe FGA Capital changed their name to CA Auto Finance UK Ltd. I have not been able to get a reply to my queries from CA Auto Finance.
    A change of name retains liability.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Smoggie2
    Smoggie2 Posts: 3 Newbie
    First Post
    My HP contract with CA Auto Finance shows Total Credit Charges of £7,409.92.
    They have informed me that Discretionary Commissions of £1,745.40 were paid. How do I know if this sum is a realistic amount or not?
  • dunstonh
    dunstonh Posts: 120,000 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Smoggie2 said:
    My HP contract with CA Auto Finance shows Total Credit Charges of £7,409.92.
    They have informed me that Discretionary Commissions of £1,745.40 were paid. How do I know if this sum is a realistic amount or not?
    You don't.   Indeed, some DCA could be zero or even minus.      
    You have to accept what they say as being correct.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Smoggie2
    Smoggie2 Posts: 3 Newbie
    First Post
    Thank you.
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