What is a 'Secret Commission' Claim?
If the company you borrowed money from made a payment to a third party broker on your behalf without informing you this is called a ‘Secret Commission’. Under consumer protection laws the lender MUST declare all fees and commissions charged to the customer. If not, they are liable to PAY BACK all the fees, charges and costs relating to the original loan.
How do I know if I qualify for a claim?
The Supreme Court recently heard a number of cases involving secret payments of commissions by lenders, in all cases the court ruled in favour of the customer. These landmark judgements have very wide consequences and mean, if a customer unknowingly paid an undisclosed commission on a loan to a third party (broker), they are eligible for compensation.
Speak to Eurocan the Timeshare experts for a free, no-obligation assessment of your case.