Mis-Sold Car Finance Compensation Claims

Claim Compensation For
Mis-Sold Car Finance Now

You could be owed thousands of pounds in compensation for car finance agreements that have been mis-sold in the UK over the last decade.

The Financial Conduct Authority found that commission was paid on 95% of all UK PCP agreements, and there is a significant risk that the commission was not explained properly and was linked to you paying higher interest rates.

What Has It Cost You!

Dealers and brokers taking advantage of consumers by charging higher interest rates to maximise sales commission could have cost the consumer an estimated £300m, according to the FCA.

In short: the more interest you pay, the more money the dealers could be making!

They should have sold you a deal based on what’s best for YOU. Some have sold deals based on what’s best for THEM.

On a typical £10,000 finance package, the FCA estimates that it could have cost YOU an EXTRA £1,000 in higher interest rates which maximised their sales commission.

This could be seen as a conservative estimate, because the FCA also identified that most victims of this practice are the lower risk consumers (i.e. those with higher credit scores) who may have been able to afford more expensive cars.

This is why we are pursuing mis-sold car finance compensation claims for eligible claimants in the UK, and we are able to offer No Win, No Fee legal representation for eligible clients.