If you purchased a vehicle on finance before 2021,
you may be entitled to a mis-sold car loan refund in the UK.
The car finance industry in the UK has faced significant scrutiny due to widespread mis-selling, particularly through undisclosed commissions and unclear finance terms. Your Lawyers specialises in helping consumers navigate these claims to recover compensation for financial losses and distress caused by unfair practices.
This article outlines the key aspects of pursuing a car finance compensation claim, empowering you to seek justice with confidence.
Understanding Mis-Sold Car Finance and Your Rights
Car finance agreements, such as Personal Contract Purchase (PCP) or Hire Purchase (HP), may have involved discretionary commission arrangements (DCAs) or undisclosed commissions, where dealers inflated interest rates to earn higher commissions without informing customers. Additionally, unclear finance terms, such as balloon payments or repayment obligations, left some consumers unaware of the true cost of their agreements.
Some practices, banned by the Financial Conduct Authority (FCA) in 2021, have led to millions of potential claims. A mis-sold car loan refund in the UK can cover overpaid interest, undisclosed fees, and compensation for distress if the lender or broker failed to disclose commissions or provide clear terms.
Your Lawyers works to hold negligent providers accountable, ensuring you receive the compensation you deserve.
Steps to Making a Mis-Sold Car Loan Refund in the UK
Pursuing a mis-sold car loan refund in the UK begins with contacting Your Lawyers for an eligibility assessment. We can assess your eligibility by reviewing your finance agreement and any evidence of undisclosed commissions or unclear terms, such as unexpected charges or high interest rates. Our team can gather supporting documentation, including lender correspondence, and may consult financial experts to strengthen your case.
Claims can be handled on a No Win, No Fee basis, meaning no worries for you. You typically have a set period of time to file your claim, so acting promptly is essential.
Choose Your Lawyers for Your Car Finance Claim
Your Lawyers is a trusted firm with extensive experience in consumer action claims, offering personalised support and a proven track record of securing compensation. We understand the financial and emotional impact of paying inflated interest rates or being misled about finance terms. Our team can collaborate with you to build a robust case, targeting major UK lenders. By choosing Your Lawyers, you can gain expert guidance through the complex claims process, maximising your chances of a successful refund.
Take Action Today with Your Lawyers
If you suspect you were mis-sold a car finance agreement due to undisclosed commissions or unclear terms, do not delay in seeking the compensation you are entitled to. Your Lawyers is here to guide you through the process of securing a mis-sold car loan refund in the UK, offering expert support on a No Win, No Fee basis.
Claim with us now for a free, no-obligation assessment to evaluate your case and start your claim.
Fill out our quick online form to take the first step toward financial recovery and justice.
