Car Finance Claim

UnSpo

I leased a car in 2016 and I received today a cheque from a car company for compensation for car finance claim, but unfortunately my company now does not exist so I cannot pay the cheque into my account as it is now closed.  I phoned the company and basically they cannot reissue the cheque to me even though the address is the same.  Apparently there are lots of people who are having the same issue and I feel the car company have just wangled another way not to help.  Can anyone suggest anything I can do please.  Many thanks

Ayr_Rage

As there has still not been a decision about redress for DCA, what are they paying you for?

Mark_d

You phoned a company which does not exist?  As the company does exist, where do you expect your compensation funds to come from?

Lots of people have lost money when retailers have gone bust...everything from department stores to mobile phone retailers.  And it's not just the customers who lost money it's also the investors.

If you find a way of recovering your loss from companies that no longer exist, then I think we'd all like to know about it.

UnSpo

It was for mis-sold car finance

UnSpo

It was my company that no longer exists, so I cannot pay my cheque into the company account because the account is now closed and the car company will not change the name on the cheque to my name

Nasqueron

Ayr_Rage said:

As there has still not been a decision about redress for DCA, what are they paying you for?

Companies have been going through old records after DCA complaints and sometimes finding mistakes so they send out refunds e.g. if there was an issue with interest charging, it's not a DCA refund

Keep_pedalling

You and your limited company were separate entities so I don’t think you are personally owed any compensation if it was the company that leased the car. What happened to your company, did you simply wind it up, or did it go bust?