Barclays Partner Finance

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Offline TimeshareTalk

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Barclays Partner Finance
« on: December 10, 2018, 10:26:29 »
Timeshare - Barclays Partner Finance.
One of Britain’s biggest sub-prime banks 'Barclays Partner Finance' [BPF] has been told to compensate the customers who were mis-sold loans. The loans were sold as “buy now, pay later” loans sold by the Timeshare resorts without proper oversight.

“Where any customer detriment is discovered, BPF have stated they will act swiftly to identify and fix the root cause and learn how we can prevent it from happening again”.

This announcement comes after a swath of claims presented against then by consumer assisted by TESS and others. Because of an internal investigation into Barclays BPF, which is the consumer lending arm of Barclays Bank, they reportedly have identified a lack of supervision over timeshare resorts who in a lot of cases have been selling loans, whilst not authorised to do so.

The damming news is that in a lot of cases, it’s not just timeshare loans that were mis-sold but also cars, furniture, satellite dishes, insolation, home improvements and furniture. BPF knew or ought to have known that retailer and resort merchants must be regulated to sell the loans they provided, however, they (in many cases) have turned a ‘blind eye’ to the laws causing alarm and the descent of the courts who have ruled that should a loan be sold by an unauthorised merchant, it will be deemed unlawful if ‘detriment’ can be established.

Read more, by connecting to the link provided

https://tesslimited.co.uk/wp-admin/post.php?post=6263&action=edit [nofollow]