Terms and Conditions

Terms of Business

1. Parties

   This agreement is formed between Redbridge Finance Limited a Company registered in England & Wales with Company Number 10625599 which has a Registered Office at The Cart Lodge, Suffolk Hall, The Street, Bulmer, CO10 7EW. (Redbridge, Us, We, Our)

   Redbridge Finance is a Claims Management Company that is Authorised and Regulated by the Financial Conduct Authority. Firm Reference Number: 836097. 
   

   Redbridge Finance Limited is registered with the Information Commissioners Office for Data Protection purposes with registration number ZA533663

   and

   Your name and address will be entered here on the actual agreement

2. Purpose

   When signed this Terms of Business form a contractual agreement between the parties detailed in Section 1 whereby:

   Redbridge will represent You in making a claim against the lender(s) who have previously provided You with Payday Loans or other High-Cost Short Term Credit Loans that You believe may have been granted irresponsibly.

   You will remunerate Redbridge for providing this service, on a No Win – No Fee basis as detailed in Section 8 of this agreement.

3. Pre Contractual Information

   Before signing this Terms of Business You should read Our ‘Pre Contractual Information’ document. This provides useful information including the process that will be followed, the obligations on You, and other information that will help You determine whether this agreement is suitable for Your needs. A copy of this information can be viewed by visiting http://www.redbridgefinance.co.uk/pre-contract-information at any time, or if You prefer You can request that this document is emailed to You.

4. Making Your Claim

   When You instruct and authorise Us to make a claim on Your behalf You agree to Us contacting the 3^rd parties that We need to in order to make and manage that claim. You agree to Us sharing with them the information You have provided to Us and also collecting and processing the information We receive from them.

   During the process, We will need to make decisions on the best way to proceed and You give Your authority for Us to use Our skill and judgement to make such decisions on Your behalf.

5. Additional loans

   Unless You have specifically provided details of loan agreements that You DO NOT want Us to make a claim on, if during the course of a claim, the lender reveals other loans that You have taken with them, We may, at Our discretion, extend the claim to cover these. In such circumstances, these loans will be covered by this agreement and the respective success fees will be payable.

6. Your Obligations
   1. During the claim, You will be asked to provide Us with information about You, Your circumstances and Your loans. You must ensure that this information is accurate and honest. Knowingly providing fraudulent or incorrect information at any time may jeopardise Your claim and will put You in breach of this agreement.
   2. You must, at the start of the claim, provide Us with ALL documents, including those in electronic forms such as emails or computer files, in Your possession that is relevant to the claim. (You will be asked to confirm this when signing this document)
   3. You will not refuse to provide Us with the information detailed in 6a. We reasonably request from You in order to pursue the claim. This includes the completion of any form or questionnaire which We ask You to complete.
   4. You will read any documentation that We, or the lender, sends You and retain these documents in Your safekeeping.
   5. You will advise Us immediately of any changes to the details You have provided or if You realise that information previously provided has changed or contains errors.
   6. Unless We specifically ask You to, once You have appointed Us, You will not communicate directly with the lender(s) with whom We are making Your claim with. This includes by email, telephone or post.
   7. If an offer of compensation is sent directly to You, You will notify Us of this within 7 days, unless We notify You that We have received this information too.
   8. If we inform you that a lender has written to you directly and are refusing to send us a copy, you will, on request, forward us a copy within 7 days of us asking you. 
   9. You agree unless a legal or statutory requirement dictates otherwise, to receive all written communications from Us by email to the email address supplied by You. We may also use the post to send such communications.
   10. You will not, at any time throughout the term of this agreement, withdraw from any lender our authority to act on your behalf and/or work with them, without first cancelling this agreement in accordance with clause 9.
7. Our Obligations
   1. We will manage Your claim with reasonable care and diligence to ensure that where there has been a case of irresponsible lending, We maximise the possibility of You getting what you are entitled to.
   2. We will assist You to fill in any necessary forms and where appropriate check the details You have provided, however We will NOT “coach” You on how to fill in these in order to maximise the claim value where this would result in inaccurate information being entered. All answer, statements or declarations are Your responsibility.
   3. We will keep You updated on the progress of Your claim as it progresses.
   4. If We do not feel that the claim has sufficient merit to be continued We will advise You of this. We will then release this loan from this agreement to allow You to proceed with the claim yourself if you wish. (Please note, if We do this only that loan is released from this agreement – any other loans not notified under this clause will still be pursued by Us and a success fee is payable.)
   5. We have an obligation to ensure that We avoid any conflicts of interest. We, therefore, have the right to refuse to take on a claim, or where a claim has been started, terminate this agreement, if we suspect that this would be the case. We will provide details to You or why We are unable to continue with the claim.
8. Payment – No Win No Fee

   All claims are undertaken on a No Win – No Fee (NWNF) basis. Our success fee will be 25% + VAT (30% including VAT) of any compensation received, this includes any refund of loan capital, interest, charges, but excludes any amounts written off an outstanding debt as a result of the claim.

   Illustration of Fees:

   Compensation Amount £1,000. Our Fee £250 plus vat (£300 including vat). You get £700

   Compensation Amount £3,000. Our Fee £750 plus vat (£900 including vat). You get £2,100

   Compensation Amount £10,000. Our Fee £2,500 plus vat (£3,000 including vat). You get £7,000

   Where You refuse to accept a compensation offer You will still be liable for Our fees unless the case is referred to the Financial Ombudsman Service (FOS) for their arbitration. If an offer is rejected by You after the FOS have reviewed the case you will still be liable for Our success fee.

   Important: Non ‘Cash ’ Compensation Awards

   Where an offer of compensation includes amounts which are written off of outstanding loan debts rather than a ‘cash in hand’ payment, our fees are not payable. Examples of how this may affect you are shown in the Pre Contractual Information document – Section 3 “Non ‘Cash In Hand’ Compensation Awards”.

   You must notify Us within 5 days of knowing that payment is going to be made directly to your account. We will provide You with an invoice which must be paid within 5 days of receipt of payment from the lender.
   

   If we are made aware or suspect, that a final response to a complaint has been issued, and the lender refuses to send us a copy, we will ask you to supply this in accordance with clause 6h of this agreement. If you refuse to do this we will assume that an offer of redress has been made. As we will not know the value of the redress offered we will not be able to calculate our fees based on the 25% + VAT (30% total) of that amount. In these cases, we will calculate our fees based on 25% + VAT (30% total) of the average of ALL offers received from ALL lenders over the preceding 12 months. An invoice will be raised and will become payable within 5 days. If you subsequently send us a copy of the final response received from the lender we will recalculate our fees based on the actual redress offered.

   Debt Collection Fees

   Where our fees remain unpaid, we reserve the right to charge Debt Collection Fees as follows: Arrears Fees £20, Legal Fees (uncapped), Court Fees £500, Warrant Fees £77, High Court Writ £66, Attachment of Earnings £110, Track and Trace Fees £171 and any other fees incurred.

9. Cancellations

   Your right to cancel.

   You have the right to cancel your contract before an offer is made by the lender without giving any reason. However, if you cancel after two weeks without providing an acceptable reason we will charge for time spent on your case. If you cancel after the case has been submitted to the FOS, and no further input is required from you, you will still have to pay our fees of 30% including vat of any award recommended by the FOS.

   To exercise the right to cancel, you must inform us of your decision to cancel this contract by a clear statement (e.g. a letter sent by post or email). You may use the Cancellation Form we will send you with our Welcome Letter, but this is not obligatory.

   Cancellations after an offer is made

   If you cancel after an offer of compensation has been made our success fee as detailed in Section 8 of this agreement will be payable.

   Cancellation (ALL CASES)

   If you cancel our services at any time:

   We will contact each of the lenders (and where applicable the FOS) where there is a live claim in progress, by email, and advise them that You have cancelled Your agreement with Us and that We are no longer representing You in Your claim(s) against them.

   We WILL NOT cancel or withdraw the complaint with the lender, or the FOS, and they should, therefore, continue to investigate the complaint and issue a final response. It is Your responsibility to manage any complaint with the lender or the FOS going forwards, including ensuring any deadlines that occur after the date of cancellation are observed.

   If We receive any correspondence from the lenders or the FOS they will forward it to You at the email address You have provided to Us, or that You update from time to time. We will make no comment nor give any advice on such communications received and forwarded to You.

   The notice of cancellation must be sent by post or emailed to [email protected]

10. Breaching this Agreement

    If you breach any clause in this agreement the following will apply:

    1. We will notify you of what you have done to cause the breach and what needs to be done by you to fix it. We will give you a period of 14 days to carry out the actions needed in order to resolve it. If this is not going to be possible you must contact us so that we can agree a mutually suitable plan to allow us to continue to represent you under this agreement.
    2. If you fail to resolve the breach within the period specified in (a) above we will deem this to be a cancellation of the agreement and as such cancellation fees will be payable in accordance with clause 9 of this agreement.
11. Complaints

    You have the right to complain about Our service at any time. If You are still unhappy after We have responded You have the right to refer the complaint to the Claims Management Ombudsman. Full details of Our Internal Complaint Procedure can be found at http://www.redbridgefinance.co.uk/complaints-procedure. If You would like a copy sending to You please contact Us and We will arrange this.

12. Limitations of Liability

    We shall not be liable for any costs or losses caused to You as a result of:

    1. Delays caused by You in providing information or documentation requested by Us.
    2. Delays in the transmission or delivery of information or documentation caused by email service providers or the postal service.
    3. Failure of information or documentation sent between You and Us to arrive with the other party.
    4. Any other matter which is outside of Our control.

Before you sign this agreement you must read the terms carefully. You must also read our Pre Contractual Information document. If there is anything that you do not understand in either document you must ask us for additional information or clarification before you sign this agreement.

A copy of our Privacy Policy is displayed on Our website (http://www.redbridgefinance.co.uk/privacy-policy), and will also be sent to you with your Welcome Email. This contains details of what We will do with Your data, and also Your rights under the Data Protection Act. By signing this agreement you acknowledge the existence of this Privacy Policy and that it is available for you to read

I confirm that I have given Redbridge Finance Limited all documentation, including that in electronic form, that I know about which is relevant to the claim.

In addition to the above please tick the boxes below if you give your consent that Redbridge Finance Limited may contact you about other products and services that we offer that we think may be of interest to you by:

[__] Email    [__] SMS   [__] Post   [__] Telephone   

I, ________ ________ agree to be bound by the terms of this agreement.

Signed ________ ________ Date ________