Mis-Sold Car Finance Explained

Unknown to customers buying vehicles, lenders systematically incentivised brokers and car dealers to charge their customers higher interest rates. So they could receive higher commissions themselves. It is estimated that hundreds of thousands of motorists might have been mis-sold finance packages, costing consumers up to £300m a year.

If you've been mis-sold car finance, we can help you get your money back. Our team of experts will fight for the compensation you deserve and make sure that no stone is left unturned in our search for compensation.

You may have a case to claim if a lender has breached their duty of care by not providing clear information about the terms and conditions of your agreement or by incentivising to sell higher interest rates so they could receive higher commissions themselves.

You may have been mis-sold car finance if you received poor advice about your financing options or if you were not sufficiently made aware of the various commissions being charged within your agreement. If this sounds like something that has happened to you, then we want to help!

We know how stressful it can be when debt spirals out of control – which is why we offer free support from our team of experts who will work with you on an individual basis until all issues have been resolved. Our services are entirely free for consumers affected by mis-selling – so there's no risk involved in getting in touch today! Click here now for more information on how we can help resolve any issues caused by mis-sold PCP car finance!

If you've ever taken out finance to buy a car, the chances are that at some point in the process, you were offered Personal Contract Plans (PCPs) or Hire Purchase (HP agreement) contract hire or car loan. These plans allow customers to pay monthly instalments on their new or used vehicles. The customer can then return the car and walk away with nothing further to pay if they want to. Or they can choose to keep it and make one final payment when the contract ends. It sounds like a great deal for consumers, but there is more than meets the eye…

In fact, many of these agreements have been mis-sold by dealerships who failed to explain all of your options properly before signing up. This applies to all types of vehicles, from new to used cars and vans. Take back control over your finances today by claiming back any money owed through our free service! We will take care of everything for you so that you don't have to worry about anything else while we work towards reclaiming what is rightfully yours! All claims are 100% risk-free to which means there is no reason not to claim now! Just fill in our form online right here, and we will do everything else from start to finish for FREE - No win No fee guaranteed!!

The average amount of compensation for a mis-sold car finance claim is around £1,100, and it's important to note that sometimes these claims can be considerably higher than this figure.

• Things that can make a difference to the amount of compensation you could claim.
• The amount of loan, The higher the amount, the more you will be able to claim.
• The amount of time that has passed since you first signed up for the loan, the longer the loan term, the more you can claim.
• What rate the lender quoted you, and the amount between the quote you received and the quote you should have received.

Mis-selling was discovered on all motor vehicle types, including new cars, used cars and vans. Involving all financing options such as personal contract hire (PCP), hire purchase (HP), Contract hire or a car loan.

It's estimated that around 1 in 5 people have been mis-sold a finance agreement. If you were one of them, then the chances are that your bank or lender didn't explain to you what was happening with your money and how much it would cost. And if they did, they probably didn't do it very well.

If you think that the lender did not act in good faith, then it is possible for them to have breached their contract with you. This can entitle you to claim compensation from them under the Consumer Credit Act 1974 (CCA). The CCA gives consumers certain rights when they enter into a credit agreement with a creditor or supplier of goods and services. These include being given all relevant information about the product before signing up, as well as having clear terms and conditions written down on paper, so there are no misunderstandings between parties involved. In addition, lenders must also follow strict guidelines set by the Financial Conduct Authority (FCA) when dealing with customers who may be at risk of falling behind on repayments or defaulting altogether.

We can help you find out if you've been mis-sold car finance and how much compensation you may be entitled to. We will review your agreement for free and let you know what we think. If there is evidence of unfair commissions, we will tell you how much money could be in your claim if we find evidence in the agreement.
Don't worry if you can't find the agreement or remember who the lender or dealer was. We can help! Just give us the company name of who you made the payments to, and we will do our best to find out what happened. You should be able to find this information on your old bank statements.
Failing that, all car finance providers must keep all credit agreements with their clients within the last 6 years.
You could be owed 1000s of pounds for any mis-sold agreements that you entered into. Fill out our quick form now and see if it was worth your while.

Call now on 0800 011 4155 or click here to fill out our form.

You've bought a car, and you want to know if the dealer did everything they should have done before selling it to you. If they didn't, then you may be entitled to claim compensation from them.

It falls on the company you bought your vehicle from to prove that they made all the below points. If they cant, prove they did them all, then you have the right to claim compensation.

• Was the finance explain fully and correctly by the salesperson you were dealing with?
• Were call finance options explained, with a breakdown of all the differences that come with each product?
• Was the salesperson fully transparent in explaining interest rates, and did they change?
• Were you offer the very best rate the dealer could get you?
• Did the salesperson or dealer railroad you into a finance package that wasn't affordable?

Don't worry if you don't understand the above points; we can still help by reviewing your agreements and let you know if you have a claim.

Call now on 0800 011 4155 or click here to fill out our form.

You can claim for any loan you were sold to purchase a vehicle in the last ten years, so you can upload as many agreements as you like.

We will be able to process your claim quicker the more information you can provide to us. Just complete our short form, providing the details of your loan agreements.

We'll help you claim back the money that was mis-sold to you.

This means we can negotiate with lenders on your behalf and get a better deal for you. You don't have to worry about any legal jargon or complicated paperwork, either – our friendly team will take care of everything for you.

Our services are offered on a No Win No Fee basis, meaning there is no financial risk in claiming compensation from the lender who sold it to you.

So let's get started by finding out if you've been a victim of dealerships Setting undisclosed sales Commissions.