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  • FIRST POST
    • Former MSE Paloma
    • By Former MSE Paloma 18th Aug 15, 12:38 PM
    • 526Posts
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    Former MSE Paloma
    MSE News: 'I got £10k back for faulty car because I paid on credit card'
    • #1
    • 18th Aug 15, 12:38 PM
    MSE News: 'I got £10k back for faulty car because I paid on credit card' 18th Aug 15 at 12:38 PM
    A long-time MoneySaver was grateful he paid £300 of his £26,000 car on credit card - if not he could have lost the lot...

    Read the full story:

    'I got £10k back for faulty car because I paid on credit card'




    Click reply below to discuss. If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.

    Last edited by Former MSE Paloma; 08-09-2015 at 2:00 PM.
Page 1
    • bod1467
    • By bod1467 18th Aug 15, 12:59 PM
    • 14,794 Posts
    • 13,463 Thanks
    bod1467
    • #2
    • 18th Aug 15, 12:59 PM
    • #2
    • 18th Aug 15, 12:59 PM
    Why use S75 against the card provider? Why not also (or instead) against the HP finance provider? They had a much greater financial stake in the purchase.
    • wealdroam
    • By wealdroam 18th Aug 15, 2:20 PM
    • 18,663 Posts
    • 15,599 Thanks
    wealdroam
    • #3
    • 18th Aug 15, 2:20 PM
    • #3
    • 18th Aug 15, 2:20 PM
    Why use S75 against the card provider? Why not also (or instead) against the HP finance provider?
    Originally posted by bod1467
    Probably because Hire Purchase agreements are not covered by Section 75 of The Consumer Credit Act.
    • minislim
    • By minislim 18th Aug 15, 3:00 PM
    • 345 Posts
    • 209 Thanks
    minislim
    • #4
    • 18th Aug 15, 3:00 PM
    • #4
    • 18th Aug 15, 3:00 PM
    well done Scott! definitely a fine example of "the customer always being right"

    Now i advise. go buy a decent car!
    and steer well clear of Vauxhalls in the future! everyone i know who's had one has had nothing but problems.
    • bod1467
    • By bod1467 18th Aug 15, 3:14 PM
    • 14,794 Posts
    • 13,463 Thanks
    bod1467
    • #5
    • 18th Aug 15, 3:14 PM
    • #5
    • 18th Aug 15, 3:14 PM
    Probably because Hire Purchase agreements are not covered by Section 75 of The Consumer Credit Act.
    Originally posted by wealdroam
    Really? That's something I've learned ... I thought HP was finance, hence credit associated with the purchase, so covered by the Act.

    Every day is a school day.
    • chanz4
    • By chanz4 18th Aug 15, 3:27 PM
    • 10,102 Posts
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    chanz4
    • #6
    • 18th Aug 15, 3:27 PM
    • #6
    • 18th Aug 15, 3:27 PM
    Technically he didn't the finance company got the money, when you buy a car on finance its the finance company that buy it for you.
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
    • chanz4
    • By chanz4 18th Aug 15, 3:28 PM
    • 10,102 Posts
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    chanz4
    • #7
    • 18th Aug 15, 3:28 PM
    • #7
    • 18th Aug 15, 3:28 PM
    A Halifax spokesperson says: "In accordance with Section 75 of the Consumer Credit Act, we were able to agree a payment to Mr Parsley of £25,711.95, less the sale of the vehicle but plus interest.


    So what did he actually get....
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
    • Scott76
    • By Scott76 18th Aug 15, 3:48 PM
    • 6 Posts
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    Scott76
    • #8
    • 18th Aug 15, 3:48 PM
    • #8
    • 18th Aug 15, 3:48 PM
    Finance was paid off in full in February so section 75 was the only option.
    • Scott76
    • By Scott76 18th Aug 15, 3:50 PM
    • 6 Posts
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    Scott76
    • #9
    • 18th Aug 15, 3:50 PM
    • #9
    • 18th Aug 15, 3:50 PM
    I got back just under £26,700
    Last edited by Scott76; 18-08-2015 at 11:16 PM.
    • Scott76
    • By Scott76 18th Aug 15, 4:19 PM
    • 6 Posts
    • 0 Thanks
    Scott76
    [QUOTE=chanz4;68996423]Technically he didn't the finance company got the money, when you buy a car on finance its the finance company that buy it

    I owned the car outright as I paid the finance off in full in February.
    • Kernow666
    • By Kernow666 18th Aug 15, 4:52 PM
    • 3,383 Posts
    • 3,134 Thanks
    Kernow666
    25k for a secondhand Astra what were you thinking
    "If I know I'm going crazy, I must not be insane"
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