Mis-sold Car Finance Claims

Car finance agreements, such as hire purchase (HP) or personal contract purchase (PCP), can be complex. The Financial Conduct Authority (FCA) has discovered that commission was paid on 95% of these contracts, often without the customers’ knowledge. This hidden commission could have led to higher interest rates and additional costs, making the finance agreements less favourable for consumers.

If you entered into a PCP or HP contract and were not fully informed about the terms, commissions, or costs involved, you might have been mis-sold. Claimmyloss specialises in helping you claim compensation for these mis-sold car finance agreements.

It can be challenging to know if you have been mis-sold car finance. You might have been mis-sold a PCP or HP finance agreement if any of the following conditions apply:

• You bought a car under a finance scheme (such as PCP or HP) before 28 January 2021.
• A discretionary commission arrangement existed between your lender and broker.
• You were not aware of the commission being made by the dealership.
• You were not informed of additional costs, such as charges for damages.
• If any of these situations apply to you, or if you felt pressured into taking out car finance, you may be eligible to make a claim.

We specialise in helping clients pursue claims against car finance companies. Our streamlined process makes it easy for you to seek compensation if you’ve been overcharged or mis-sold car finance agreements. Here’s how we can assist you:

Simple and Efficient Claims Process

1. Fill Out a Form: Start by completing our straightforward online form. This initial step is quick and easy, gathering essential information to begin your claim.
2. Quick Agreement Check: Once we have your details, we conduct a quick check to identify any car finance agreements you have had over the past six years. This includes agreements with major finance providers like Volkswagen Financial Services, Black Horse, BMW Financial Services, and others.
3. Start Your Claim: With the information gathered, we will initiate your claim against the relevant car finance companies on your behalf.
4. Submit Additional Agreements: If you have other finance agreements that we didn’t find, you can easily share these with us online. We will include these in your claim, ensuring comprehensive coverage.

No-Win No-Fee Service

Our service is risk-free. We operate on a strictly no-win no-fee basis, meaning you don’t pay anything unless we successfully recover compensation for you. Our fee is a percentage of the compensation we secure, so there are no upfront costs or hidden charges.

Our free claims checker can help you uncover potential mis-selling in minutes. Simply enter a few details, and
we’ll assess your situation to see if you’re eligible for compensation. Don’t miss out – you could be due thousands!

Here are some of the most common car finance companies we see:

If your car finance provider is listed above, there’s a good chance we can help you with your claim.