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First Target Recoveries Ltd is being investigated by the Claims Management Regulator

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  • First Target Recoveries Ltd is being investigated by the Claims Management Regulator

    Business Name: First Target Recoveries Limited Address: Thornley House Carrington Business Park Town/City: MANCHESTER Postcode: M31 4DD County: Greater Manchester   Trading Names: Anthony Phillip James and Company, www.anthonyphilipjamesandco.co.uk* Sector: Financial products/services Authorisation Number: CRM28105 First Target Recoveries Ltd is being investigated by the Claims Management Regulator under regulation 35 of The Compensation (Claims Management […]

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  • #2
    Re: First Target Recoveries Ltd is being investigated by the Claims Management Regula

    Update - the firm is now no longer under investigation. They also appear to have changed trading names.


    Business Name:
    First Target Recoveries Limited Address: Thornley House
    Carrington Business Park Town/City: MANCHESTER Postcode: M31 4DD County: Greater Manchester
    Trading Names: William Thomas and Co, Return My Money Sector: Financial products/services Authorisation Number: CRM28105

    They seem yet to decide on the fee charged to consumers. Previously I believe it was around 33.25%.
    Full details of our fees and illustrations of what fees might
    be due are in section 6 of our Terms and Conditions here
    (seems to be the only place cost is referred to)

    Originally posted by Term 6
    6. Fees Payable to the Company
    6.1. The Client agrees to pay the company a fee of % plus applicable taxes, of any gross compensation amount awarded. For example, if the gross compensation amount awarded by the provider is £1,000, our fee would amount to plus applicable taxes. If we do not secure compensation on your behalf, no fee will be payable to the company.
    6.2. In the event that the compensation amount is made payable to the Client, the Client agrees to settle the Company’s request for payment within 14 days of Receipt asset out in
    I've asked them on Twitter anyway.
    Last edited by Amethyst; 11th May 2017, 12:40:PM.
    #staysafestayhome

    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

    Received a Court Claim? Read >>>>> First Steps

    Comment


    • #3
      Re: First Target Recoveries Ltd is being investigated by the Claims Management Regula

      They have now added the fee to their website.

      33% plus VAT - so 39.96% or £399.60 out of a £1000 refund.

      6. Fees Payable to the Company
      6.1. The Client agrees to pay the company a fee of 39.96%, inclusive of any applicable taxes, of any gross compensation amount awarded. For example, if the gross compensation amount awarded by the provider is £1,000, our fee would amount to £399.60 inclusive of any applicable taxes.
      If we do not secure compensation on your behalf, no fee will be payable to the company.
      6.2. In the event that the compensation amount is made payable to the Client, the Client agrees to settle the Company’s request for payment within 14 days of Receipt as set out in 6.1.
      6.3. In the event that any compensation awarded is used to reduce the Client’s outstanding balance on their loan or credit card amount, the Client will be responsible for settling the Company’s fees as set out above. This may include setting up an affordable payment arrangement to repay our outstanding fees over a period of time.
      6.4.
      (i) If gross compensation is “cash in hand” of £3000.00, the fee charged will be £1198.80 and the client will receive £1801.20;
      (ii)If the gross compensation is a combination of “cash in hand” and reduction in credit balance with creditor of £3000.00, of which £1500.00 is cash and £1500.00 is used to reduce the credit balance, total fees charged would be £1198.80 and the client would receive £301.20, or
      (iii) If gross compensation of £3000.00 is used to offset existing arrears with the creditor, total fees charged would be £1198.80 and the client would have to pay £1198.80 to the company (see also—6.5 and 6.6).
      Last edited by Amethyst; 12th May 2017, 20:57:PM.
      #staysafestayhome

      Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

      Received a Court Claim? Read >>>>> First Steps

      Comment

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