Many consumers in the UK have been misled by car finance agreements that included undisclosed commissions and unclear terms. If you were affected, you could be eligible to
make a hidden commission claim and recover compensation.
At Your Lawyers, we specialise in helping victims of financial mis-selling claim what they could be owed. By making a claim, you not only fight for justice for yourself but also contribute to fairer practices in the industry.
Understanding Hidden Commission Claims
A hidden commission claim can arise when lenders or brokers fail to disclose that they are receiving commission payments from finance providers. This often results in customers being signed up for expensive agreements without understanding that the dealer or broker has a financial incentive to push specific deals.
Key issues include:
- Undisclosed Commissions: Many consumers were unaware that their loan included additional costs due to commission fees paid to the broker or dealer.
- Inflated Interest Rates: Some agreements included artificially high-interest rates designed to maximise the commission earned by the intermediary.
- Lack of Transparency: Customers were often not provided with clear explanations of how their finance agreements were structured.
- Unfair Financial Burdens: Many customers unknowingly paid more than necessary due to high interest rates influenced by hidden commissions.
- Violation of Consumer Rights: Financial providers have a duty to be transparent; failure to do so could be a breach of consumer protection laws.
If you were misled in this way,
you may be entitled to claim compensation for the financial losses incurred due to these unfair practices.
How to Make a Car Finance Claim
If you suspect that your car finance agreement included hidden commissions, you could take legal action to recover compensation.
Follow these steps to start your claim:
- Check Your Agreement: Review your car finance contract for any mention of commissions or undisclosed fees.
- Gather Evidence: If you were not informed about a commission, keep any relevant paperwork and communications.
- Assess Financial Impact: Consider whether your loan had higher interest rates than expected and calculate the additional costs you incurred.
- Contact Your Lawyers: Our legal experts can assess your case and guide you through the claims process.
Compensation amounts can vary depending on the financial losses suffered, with many claims being worth thousands of pounds. By taking action, you not only reclaim what is rightfully yours but also hold finance providers accountable for their misleading practices.
Why Choose Your Lawyers?
At Your Lawyers, we have a strong track record in handling compensation claims. When you work with us, you could benefit from:
- Specialist Legal Expertise: Our team has extensive experience in consumer finance claims.
- No Win, No Fee Representation: So you can claim without worries.
- Proven Success: We have helped thousands of clients secure compensation for financial mis-selling.
- Personalised Support: We guide you through every step of the claims process with expert advice.
- Commitment to Justice: We are dedicated to ensuring that consumers receive the compensation they deserve and that unfair financial practices are challenged.
Start Your Hidden Commission Claim Today
If you were affected by undisclosed commissions in a car finance agreement, do not wait to take action.
You may be entitled to significant compensation.
Claim with Your Lawyers today for a free check to determine if you could be eligible to make a hidden commission claim. Let us help you secure the justice and financial redress you deserve. The sooner you act, the sooner you may be able to recover what is rightfully yours.
