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Car Finance - Reclaim
When this matter first arose I wrote to all the finance company and on one of the agreements they advise that the
"The FCA announcement relates to agreements taken out between 6 April 2007 and 27 January 2021"
Do I need to reapply and sent another DCA enquiry check?
Comments
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Sorry and my agreement was taken out in 2022.
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Do I need to reapply and sent another DCA enquiry check?
No.
Sorry and my agreement was taken out in 2022.
The ban on DCA was confirmed by the Financial Conduct Authority in July 2020 and implemented on 28 January 2021. So, a 2022 agreement wouldn't have DCA
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.0 -
Then it would have been strictly illegal rather than questionable and now confirmed as a problem. DCA was banned in 2021 hence the FCA review stops at the point it went from questionable to illegal
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