London Directory

Unfair Credit Agreements - Who's been fined so far?

Many creditors have already been fined by the FSA (Financial Services Authority) for systematic mis-selling. If your loan or finance arrangement is with one of these, there's a good chance you were mis-sold a policy.

HFC Bank £1.085 million
Regency Mortgage Corporation Limited £56,000
Loans.co.uk £455,000
Redcats (Brands) Limited £270,000
*GE Capital Bank Ltd £610,000
Capital One Bank (Europe) plc £175,000
Capital Mortgage Connections Limited £17,500
Home and County Mortgages Limited £52,500
Hadenglen Home Finance plc £133,000
     ditto     Chief Executive £49,000
Land of Leather Limited £120,000
     ditto     Chief Executive £14,000
Liverpool Victoria Banking Services £840,000
Alliance & Leicester plc £7 million
Egg Banking plc £721,000
Five motor retailers £175,000
     GK Group, George White Motors Limited
     Ringways Garages (Leeds) Limited
     Ringways Garages (Doncaster) Limited
     Park's of Hamilton (Holdings) Limited
Swinton Group Limited £770,000

*Supplies cards for ASDA, Comet, Debenhams and Top Shop among others.

If you are interested in reading the full report - it is available on the Citizens Advice website. The Office of Fair Trading says: "We would always be concerned if a lender or broker was failing to provide accurate information to consumers. We are in the process of carrying out a review of typical APRs used in advertising."