We act for BMW Financial Services, a globally established leader in the motor industry on the recovery of debts and assets arising from breaches of asset finance and consumer credit regulated agreements.
We are instructed on an extremely substantial portfolio of claims with our main focus being the recovery of vehicles and debts both in the United Kingdom and abroad, following breaches of asset finance agreements which are often regulated by the Consumer Credit Act 1974.
Given the naturally sensitive nature surrounding financial services and the huge upfront cost which the client incurs when entering into such agreements, we have successfully, over many years, had to balance a robust approach to commercial recoveries whilst adhering to stringent statutory requirements and financial conduct authority guidelines.
This has never been so important as now following the covid-19 pandemic and in the midst of a cost of living crisis which has resulted in a marked increase in the number of financially impacted and vulnerable debtors with which we are dealing.
It is obviously important for the client to act promptly to limit the loss and financial liability of consumers and we have therefore worked closely with the client to produce a bespoke process, providing a fast, detailed and cost-effective end to end advice in relation to this niche area.
