Broadlands Finance Limited (BFL)

Likely breach of section 9 and 13(i) by BFL. Commission considers that BFL's conduct in representing that it was entitled to add interest and fees to customers' loans after it had repossessed and sold consumer goods pursuant to a security agreement is likely to breach sections 9 and 13(i). Under section 35 of the Credit (Repossession) Act 1997, a creditor is not entitled to recover more than the balance left owing after the proceeds of the sale of the repossessed assets have been deducted.