Intelligent Finance

[Neo]

Hi,

Can anyone help?

I had a loan with Intelligent Finance from 2000-2003. During that time I missed one payment and got charged a hefty "penalty". This turned into nearly two years of penalties and also my current account was getting battered as there wasn't enough funds to cover the loan payment. Got into a bit of a vicious circle as i couldn't afford to pay the loan and the extra charges on both accounts.

Both accounts were sent to a debt collection agency and a default was put on my credit record. I paid the debt collection agency straight away,

I understand that claiming back charges on my current account is ok, but am I able to claim for charges put onto my loan account. They were between 30 and 40 every month?

Thanks in advance,
Adam

[comanche]

Yes if they are penalty charges, they should be recoverable. Please could you post this in the appropriate forum.

[Neo]

Thanks Seminole... but what forum would I post in? I thought it was just a general question?

[comanche]

If is Halifax but I think it belongs in Other Institutions. I will move it there.

[Neo]

Posted the Data Protection Act letter off 29/03/2006 recorded delivery.

I did hold a current account, credit card and loan with this institution. I remember over a 2 year period they charged me a lot of money. The account was subsequently defaulted, due to extortianate charges and sent to a debt collection agency. I paid off this, but ended up still paying way more than the original loan was.

I estimate Intelligent Finance ilegally applied charges somewhere in the region of £4000, but will need to wait until the paperwork comes throught to calculate it all.

I will keep you informed....