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It is called self financing and he was assured no money would ever have to come from him . The panels are supposed to make money and that goes to the solar panel payment , anything outstanding , which they said would be £18 per month would come out of the £500 deposited
British gas said because of the size of the roof and the number of panels , it could never make what they quoted . Plus they charged for 16 panels and only installed 14
No , when he tried to contact the solar company and when he went to their premises the did nothing to help , they just said theyd done everything , he only found it about the loan company because when he went to the premises and said money had come out of his personal account and not the account with the £500 in , they rung a number and he had give the account number with the £500 in . He only gave his personal account number because they said they had to do a background check , regarding length of time in house etc
He has nothing , no documents to cancel , nothing about a loan , he hasnt signed for a loan . We found out the finance company have done it over 10 years , making the cost rise from £6995 , which he was told would finance themselves, to £11000 over the 10 years .
Even though my son has not signed for any loan and had no cancellation rights , could the finance company illegally send a collection agency to his house or threaten to add charges , even though he has not signed anything
Thank you , I have looked online and this finance company has terrible reviews , ignoring people letters , refusing to give redemption amounts . We have sent letters and e mails , but did not send the letters by registered post , should we re send them by registered post