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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 1 Forbes Business Centre, Kempson Way, Bury St. Edmunds, IP32 7AR. (Redbridge, Us, We, Our)

    Redbridge Finance Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities. Our authorisation number is CRM43144.

    Redbridge Finance Limited is registered with the Information Commissioners Office for Data Protection purposes with registration number ZA244805

    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 3rd 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 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 form such as emails or computer files, in Your possession that are 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. which 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 safe keeping.
      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 your directly and are refusing to send us a copy, you will, on request, forward us a copy within 7 days of us asking you. We will supply a freepost address so that this will not cost you anything.
      9. You will authorise the lender to make payment of any compensation directly to Us. We will then deduct Our fee and forward the balance to You.
      10. 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 post to send such communications.
      11. 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 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 normally undertaken on a No Win – No Fee (NWNF) basis. Our success fee will be 25% + VAT (30% including VAT) of any compensation offered, this includes any refund of loan capital, interest, charges, and any amounts written off of an outstanding debt as a result of the claim as well as any interest paid on the compensation amount.

    Basic Example: Compensation amount £500.00. Our Fee £125.00 + VAT (£150.00 including VAT). You get £350.00

    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 any offer is rejected by You after the FOS have reviewed the case you will still be liable for Our success fee.

    Important: Non ‘Cash In Hand’ 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 still payable. This may mean you may have to pay some, or all, of our fees from other sources. Examples of how this may affect you are shown in the Pre Contractual Information document – Section 3 “Non ‘Cash In Hand’ Compensation Awards”.

    If we are representing you on multiple claims, either with the same lender or across multiple different lender, we reserve the right to pay our fees owed by you on one claim with ‘cash in hand’ received from another.

    We will request that all compensation is paid directly to Us. We will then deduct Our fees and forward the balance to You within 5 working days.

    Where a compensation payment is made directly to You by the lender You must notify Us within 21 days. We will provide You with an invoice which must be paid within 21 working days of receipt.

  9. Cancellations

    Your right to cancel.

    You have the right to cancel your contract within 14 days without giving any reason.

    The cancellation period will expire 14 days from the day we send you a copy of your contract.

    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.

    To meet the cancellation deadline, it is sufficient for you to send your communication concerning your exercise of the right to cancel before the cancelation period has expired.

    Effects of cancellation (Within the 14 day period)

    If you cancel the contract, we will reimburse you all payments received from you within the 14 day period. We will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to cancel the contract.

    We will make reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of the reimbursement.

    Cancellations after 14 days but before an offer of compensation is made

    If you cancel outside the 14 day period detailed above, but before a compensation offer is made, we will not charge you a fee for the work we have completed up to that point. We may require you to provide reasonable proof that no offer has been made at that time.

    Cancellations after and offer is made

    Provided the 14 days detailed above have passed, 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 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 we 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 Legal 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 ________