The Ultimate Guide to Blackhorse Financial

Debt collectors usually get a bad reputation these days, and it’s quite understandable as to why people react negatively around them, especially when they start contacting you. This happens when you have a debt you possibly need to repay. But, what happens when they do get a hold of you? In this review of Blackhorse Financial, we’ll discuss who the company is, what they do, and what you need to do if you ever get contacted by them.

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Dealing with debt collection companies like Blackhorse Financial can be quite daunting, but in this review, we’ll show you that it doesn’t have to be as difficult to deal with as you think! Read on to find more about everything that happens when you receive a notification from Blackhorse Financial and what you can and cannot do about it.

Who are Blackhorse Financial

Blackhorse Limited is a UK-based automotive finance company. Founded in July 2001 as a wholly-owned subsidiary of the Lloyds Banking Group, its origins can be traced back to 1922. They are part of the Lloyds Banking Group and offer POS finance specialised in the automotive, motorcycle and leisure (caravan, RV) sectors.

They believe that they help merchants confidently and legally meet their clients’ financial needs within today’s regulatory framework. Incorporating regulations into dealerships can help them achieve a better business execution vision to support their goals.

Their team consists of local industry specialists across the country who understand the opportunities and challenges of dealers. They can provide access to transparent point-of-sale financing and provide the tools, guides, and training programs that merchants need to confidently explain their options. By focusing on building strong partnerships, merchants can increase sales and improve the customer representatives of their business.

You should note that Blackhorse Financial is not in any way affiliated with Black Horse Life Insurance Company, originally named Beehive or Lloyds TSB. In 2004, this company’s interests were amalgamated into Scottish Widows.

How do I get in contact with Blackhorse Financial?

Website: https://www.blackhorse.co.uk/

Registered Office: Black Horse Limited st 25 Gresham, London, EC2V 7HN.

Home Office: Black Horse Limited, St William House, Tresillian Terrace, Cardiff CF10 5BH

Telephone: +44 344 824 8888

Branches
  • Jersey – 01 534 514 700
  • Guernsey – 01 481 710 411
  • Isle of Man – 01 624 632 900

Are they a legitimate company?

Yes, Blackhorse is a legitimate company. They’re registered in England and Wales under the registered number 661204.

Why is Blackhorse Financial Contacting Me?

If your account is given to Blackhorse Finance, it could be because you’ve borrowed money from one of their clients. Usually, your debt is owed to another creditor who, in turn, work with Blackhorse Financial and that’s why you may not recognise their name. Blackhorse is a team of debt collection agents of other companies, chasing customers for payments.

It’s unwise to ignore the collection agency as it’s their job to try and contact you until you agree to cover your debt. If you continue to ignore them, they can take you to court and, if you own a home, you can face law enforcement officers and criminal accusations.

What Are My Next Steps?

Blackhorse Financial is a debt collection company. Therefore, its legal authority is the same as that of the original creditor who previously owned the debt. Blackhorse debt collectors may track you to pay off your debt, however, they do have limitations that they follow when it comes to contacting you.

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Do I Qualify?

If you do owe a debt, you’ll also need to respond to any reasonable requests Blackhorse debt collectors try in order to contact you – whether it be in a particular way or time. The debt collection agency is not allowed to enter your home without permission and they’re not allowed to bring in your debt for you. They must also take you to court before they can do any of the following actions:

  • Issue a County Court Judgement against you
  • Send bailiffs to recover goods to the value of the debt
  • Apply for an attachment of earnings order, or a charging order

What Can Blackhorse Financial Do?

Blackhorse Financial Can:

  • They can contact you in multiple ways since they need to discuss your loan with you and you alone. However, they cannot harass you or contact you at unusual times, especially if you’ve specified it.
  • They can obtain the loan by legal means, but they can’t violate the rules and regulations of the Credit Services Association (CSA) and the Financial Conduct Authority (FCA).
  • Unless you ask your company to stop the call, they can call you as often as possible to contact you.
  • You can visit your home or registered address with at least 7 days notice.

Blackhorse Financial Cannot:

  • They cannot sell your personal information to any third parties without your consent.
  • Blackhorse debt collectors can’t call you at unreasonable times or dates.
  • They are not allowed to contact you in ways that don’t meet the preferences you’ve agreed on with them.
  • The team can’t call you at work without permission or after you’ve told them to stop.
  • They cannot discuss your debts with a family member or employer.
  • They aren’t allowed to take payments without your permission.
  • They cannot refuse to give you time to consider your options after you’ve asked for advice from a debt advice agency.
  • Blackhorse’s collectors can’t pressure you into paying a debt by borrowing more funds.
  • They can’t use legal language or technical terms to confuse you.
  • Their team can’t demand payment when a debt is statute barred.

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