Finance company clawbacks


It is not uncommon for finance agreements to include a clawback clause.

Author: Katie Fitzjohn
Reading time: 1 minute

This article is 2 years old.

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Given the current economic climate it is no surprise that finance companies and the like are attempting to clawback money allegedly owed.

Indeed, Lawgistics have recently seen an influx of cases relating to finance companies attempting to clawback monies owed under finance agreements and transactions, some backdating years. 

It is not uncommon for finance agreements to include a clawback clause, stipulating that money paid over must be returned in special circumstances or events and within a specified time limit. The contract will need to be closely scrutinised to determine whether there is legal ground to recover any amount claimed. 

If you are a Lawgistics member and have any questions please contact us to talk through the process and if you are not yet a member, if you sign up to get support on this process you will also get access to all year round phone and telephone casework on consumer, employment and any other motor trade related legal issues.  

Katie Fitzjohn

Legal Advisor

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