Property News · December 31, 2015

A car dealer went bust in the middle of a sale. What now?


We paid £3,750 by Visa and wondered if ‘chargeback’ would cover usMy friend paid £3,750 for a car through a local dealer. Another £3,750 was to be paid on delivery. A week before the delivery date the dealership went into administration and he’s been told that as the company is heavily indebted he stands little chance of getting his money back. He paid with a Visa debit card, so his payment is not protected by Section 75 of the Consumer Credit Act, but I’ve since discovered chargeback and wonder if he’d be covered by that. If so, how and where does he make a claim? ST, NottinghamYes, it sounds as though he is eligible to make a claim. The chargeback scheme is a little-known protection for Visa, MasterCard and Amex debit card transactions which participating card issuers voluntarily subscribe to and it allows you to claim a refund if goods arrive faulty or not at all, or if a merchant ceases trading. Continue reading…

Source : theguardian.com
Read more…A car dealer went bust in the middle of a sale. What now?

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