Receivables Management (NZ) Limited, Southern Receivables Limited, Allied Recoveries Limited, and RJK Receivables Limited
Debt collection group Receivables Management has agreed to credit more than $1.4 million to around 1,700 customers who were wrongly charged interest, costs and fees on loans after their goods had been repossessed and sold.
Case Details
Parties
Receivables Management (NZ) Limited, Southern Receivables Limited, Allied Recoveries Limited, and RJK Receivables Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 83ZM, Fair Trading Act 1986 13(i)
Industry
Financial and insurance services
Status
Closed
Outcome
Settlement
Case Number
Date opened
15 December 2017
Date closed
15 December 2017
Contact person