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Car finance reclaim for someone who has died.
I have used the reclaim tool very successfully, and found quite a few agreements on the "my equifax" app.
My question is for a friend whose husband had quite a few cars on finance in his name, but sadly passed away in 2015. How can she find any agreements in his name? Does she sign up with myequifax with his details?
Thank you
Comments
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That is potentially a very quick way to be flagged as a fraudster if she tries to impersonate a deceased person. Banks etc should have informed the CRA that they are deceased and so it'd be very easy to spot.
The FCA is still consulting on the redress scheme but most signs point to it being the lender that will have to proactively reach out to those who compensation is due to so if thats how the scheme ends up being they won't need to do anything, assuming they havent moved since his passing.
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Unfortunately, she has moved since her husband's passing, so not sure how they will find her
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As I understand it, a claim for redress can only be made by the administrator/executor of a deceased person's estate. No other party can make a valid claim unless they were named on the original finance agreement.
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Thanks. She is the executor of her husband's estate. The problem is finding the agreements
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As the executor they could try and submit a SAR for all the data held but likely it will have been deleted 6 years after they were closed particularly as they died in 2015
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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thread moved to car finance board
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