Motor Finance Agreement Claim - Ineligible Claim Accepted

SmellyWellies

I'm yet another person who has inadvertently signed up to a claim having used an eligibility checker.

However, when I've looked further into requirements and scope, I believe my agreement doesn't fall into the applicable window for elibgibility (being a July 2021 agreement).

I may be misunderstanding this, but I am struggling to understand why a claim has been accepted as the eligibility checker should have said rejected it in the first instance. 

flossymcfly

I would read the fine print, sometimes these companies can have a clause where they are entitled to act as an agent for things like tax refunds too...means if you're ever entitled to a tax refund it will automatically be sent to them and they will take a massive chunk of it as a fee. It could be an error on their part, or perhaps they are hoping for an appeal to the court ruling...but definitely check the fine print

TadleyBaggie

These so-called claims companies are just chancers. 

MyRealNameToo

SmellyWellies said:

I'm yet another person who has inadvertently signed up to a claim having used an eligibility checker.

However, when I've looked further into requirements and scope, I believe my agreement doesn't fall into the applicable window for elibgibility (being a July 2021 agreement).

I may be misunderstanding this, but I am struggling to understand why a claim has been accepted as the eligibility checker should have said rejected it in the first instance. 

there are two elements to motor finance claims at the moment, once is DCA and the other is excessive commissions. Whilst DCA was banned in Jan 2021 you could still potentially have a claim for excessive commission

SmellyWellies

flossymcfly said:

I would read the fine print, sometimes these companies can have a clause where they are entitled to act as an agent for things like tax refunds too...means if you're ever entitled to a tax refund it will automatically be sent to them and they will take a massive chunk of it as a fee. It could be an error on their part, or perhaps they are hoping for an appeal to the court ruling...but definitely check the fine print

Thanks. I hadn't considered the open ended potential. I have been thinking I would just cancel my "claim" and move on, but it looks like it's not as simple as that.

MeteredOut

SmellyWellies said:

flossymcfly said:

I would read the fine print, sometimes these companies can have a clause where they are entitled to act as an agent for things like tax refunds too...means if you're ever entitled to a tax refund it will automatically be sent to them and they will take a massive chunk of it as a fee. It could be an error on their part, or perhaps they are hoping for an appeal to the court ruling...but definitely check the fine print

Thanks. I hadn't considered the open ended potential. I have been thinking I would just cancel my "claim" and move on, but it looks like it's not as simple as that.

You might want to check, and see if/how we can terminate any agreement you might still be in.

SmellyWellies

MeteredOut said:

SmellyWellies said:

flossymcfly said:

I would read the fine print, sometimes these companies can have a clause where they are entitled to act as an agent for things like tax refunds too...means if you're ever entitled to a tax refund it will automatically be sent to them and they will take a massive chunk of it as a fee. It could be an error on their part, or perhaps they are hoping for an appeal to the court ruling...but definitely check the fine print

Thanks. I hadn't considered the open ended potential. I have been thinking I would just cancel my "claim" and move on, but it looks like it's not as simple as that.

You might want to check, and see if/how we can terminate any agreement you might still be in.

I need to wade through all the details to try to understand all the various pitfalls.

I have been reading various posts about the merits of cancelling (potentially with a fee) or just letting it run to a conclusion. 

SmellyWellies

MyRealNameToo said:

SmellyWellies said:

I'm yet another person who has inadvertently signed up to a claim having used an eligibility checker.

However, when I've looked further into requirements and scope, I believe my agreement doesn't fall into the applicable window for elibgibility (being a July 2021 agreement).

I may be misunderstanding this, but I am struggling to understand why a claim has been accepted as the eligibility checker should have said rejected it in the first instance. 

there are two elements to motor finance claims at the moment, once is DCA and the other is excessive commissions. Whilst DCA was banned in Jan 2021 you could still potentially have a claim for excessive commission

Thanks. I clearly need to do more reading.

SmellyWellies

MyRealNameToo said:

SmellyWellies said:

I'm yet another person who has inadvertently signed up to a claim having used an eligibility checker.

However, when I've looked further into requirements and scope, I believe my agreement doesn't fall into the applicable window for elibgibility (being a July 2021 agreement).

I may be misunderstanding this, but I am struggling to understand why a claim has been accepted as the eligibility checker should have said rejected it in the first instance. 

there are two elements to motor finance claims at the moment, once is DCA and the other is excessive commissions. Whilst DCA was banned in Jan 2021 you could still potentially have a claim for excessive commission

If I have no claim remaining, would my "claim" just be ended and that's that?