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Black Horse Car Finance penalty fees claim **WON setlled before court**


martin4963
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Hi !

 

I recently underpayed 1 months repayments by £100 of a car loan, with the proposal of making addition payments of £33.33 over 3 consecutive months in order to catch up. Black Horse are now trying to charge me £25.00 late payment charge, plus a whopping £80.00 for what they call "collection activity charge".

 

Are they within their rights to do this, or am I right in thinking that is the very same stunt the banks have been trying to pull ?

My own view is that the very same rules that apply to rip off bank charges/credit card charges also apply to finance houses such as Black Horse,

 

Your views and comments please.

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Hi Martin and welcome to CAG :)

 

I think you have inadvertently posted in the wrong forum so I've asked one of our MODs to move your thread to the appropriate forum where you will get more specific advice.

 

Bo

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The collection activity fee and the late payment fee are unfair charges. I recently won all my charges back from Blackhorse and this included a £80 collection activity charge and £300 in late payment fees.

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  • 2 months later...
  • 3 months later...

:) Hi Folks !

 

Not sure if I`m in the right section for this.

 

Just got early settlement figure from Black Horse, which includes £149.00 penalty charges (which I`m naturally disputing). I am wanting to settle this agreement a.s.a.p., but as I see it, I have a choice of 2 options:

 

1). Pay the settlement fee, less the £149.00 penalty charges, telling them exactly what I`ve done and why and then request they cancel their unlawful charges....blah...blah..blah

 

2). Pay the whole lot, then go through the procedure of claiming the charges back.

 

3). Cheapest and easiest for me - let them take me to court.

 

Also should I decide to opt for (3). would it be likely they try to repossess the car (agreement only 20 months old - 5yr agreement)

 

What do other members think ?

 

Martin 4963

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  • 2 weeks later...

Hi ! :)

 

I`m just in the process of issuing County Court proceedings against Black Horse Ltd for the refund of £157 in default charges.

I would be greatful if anyone would help me out with the appropriate wording/terminology on the Court`s plaint. form / summoms.

 

Many thanks,

Martin4963

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  • 1 month later...

:lol: LATEST UPDATE :lol:

 

ME 1, BLACKHORSE NIL !

Claim issued 17th December - cheque for £89.00 arrived 30th December with letter to say they intend to defend rest of claim.

 

Letter arrived 13th January to say that they will be settling remainder of claim out of court + court costs and interest - cheque to follow !

 

MANY THANKS TO ALL :lol:

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