Any ideas on if there’s a case for mis-selling before 2007

NicNash

Hi all, I was wondering if anyone had experience or knowledge of submitting a claim for the mis-selling car finance saga for pre 2007 sales? Mine was 2005 with Blackhorse and I do still have the paperwork. I understand it clearly states 2007 but do you think there’s any point to submitting a claim considering I have a copy of the contract or do you think it would be instantly dismissed? Thanks.

Nasqueron

2007 is when the related regulation on unfair relationships came into force, you cannot claim pre-2007 as they were not regulated in the same way.

Per Dunstonh's comment on another thread on the same topic:

The change in the Consumer Credit Act 2006 (effective 2007) is what caught everyone out. The unfair-relationship provisions in section 140A of the CCA 2006 didn't exist in the previous version. The whole saga is based on S140A.

Do you have any evidence that they used a DCA like approach? If you have proof they did, you would have to gamble on a court case. If you are just trying to jump on the bandwagon, then no, you have no case.

~Brock~

2007 is also a relevant year because the FOS only gained jurisdiction for consumer credit complaints from April 2007. Anything before this they can not/will not look at.

In terms of the court route - taking into account the likelihood of limitation, starting a court claim against a lender for something that allegedly happened 21 years ago would be a complete waste of the claim fee.