Millions of UK drivers who financed vehicles before January 2021 may be eligible to claim car finance compensation in the UK due to undisclosed commissions and unclear finance terms.
These issues, uncovered by the Financial Conduct Authority (FCA) and reinforced by a landmark 2024 Court of Appeal ruling, have exposed widespread mis-selling in the car finance industry.
Your Lawyers is dedicated to helping victims secure the compensation they deserve through expert legal support. This article explains the mis-selling scandal, the benefits of group actions, and how you can
start your claim with us.
Understanding the Car Finance Mis-Selling Scandal
The car finance mis-selling scandal centres on two key issues: undisclosed commissions and unclear finance terms. Before January 2021, many car finance agreements, such as Personal Contract Purchase (PCP) or Hire Purchase (HP), included Discretionary Commission Arrangements (DCAs). These allowed some dealers to increase interest rates to earn higher commissions without informing customers, leading to inflated costs. Additionally, unclear or misleading contract terms left some borrowers unaware of their repayment obligations or ownership details.
The FCA banned DCAs in 2021, estimating that hundreds of thousands of customers were possibly overcharged by millions annually. A 2024 Court of Appeal ruling further declared undisclosed commissions unlawful, paving the way for compensation claims.
Your Lawyers specialises in navigating these complex cases, helping you claim car finance compensation in the UK for financial losses or unfair charges caused by mis-selling.
Steps to Start Your Car Finance Compensation Claim
Starting your journey to claim car finance compensation in the UK with Your Lawyers is simple and easy. Here is how to begin:
- Contact Us: Reach out via our website or call to discuss your car finance agreement. We can assess whether your case, involving PCP or HP agreements before January 2021, qualifies for our legal action.
- Join the Group Action: If eligible, you will sign up to become part of the claim. Provide details like your finance agreement or lender information, and we will handle the evidence collection.
- Let Us Fight for You: Our legal team can manage the entire process, from filing complaints to negotiating settlements or representing you in court. We can provide updates, so you stay informed without stress.
We can operate on a no win, no fee basis, meaning you can claim without worry. Even if you have paid off your vehicle or no longer own it, you may still be eligible to claim. Your Lawyers is committed to making the process straightforward and effective, ensuring you receive the compensation you are owed.
Take Action Today with Your Lawyers
If you financed a car, van, or motorbike before January 2021,
you could be entitled to claim car finance compensation in the UK for undisclosed commissions or unclear finance terms. Do not let lenders and brokers profit from unfair practices—Your Lawyers is here to help you seek justice.
With our no win, no fee group action, you can pursue compensation without worry, backed by our expertise in tackling mis-selling scandals. Visit Your Lawyers’ website or call 0800 634 7575 to
start your car finance compensation claim today. Join our group action and let us fight for the refund you deserve.
