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MSE News: Car finance redress scheme faces further legal challenges
The financial regulator's major car finance mis-selling redress scheme, confirmed in March, will face legal challenges from three lenders, it's been confirmed. MoneySavingExpert.com founder Martin Lewis says some delays now look "inevitable" – but with lots still uncertain, it remains crucial to get your complaint in now,…
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Scam email from MotoNovo?
Im fairly sure it is....thoughts Hi (Removed by Forum Team), Thanks for getting in touch. We’ve received your enquiry about motor commission. We’ve reviewed your request, but we don’t have enough information to complete our identification and verification checks. To allow us to review this again, please submit a new…
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Car finance compensation cancellation fees
I stupidly signed up with 2 different solicitors for the car finance compensation claim. I've chosen 1 firm to work with but now worried about the other firm charging me a cancellation fee, not knowing how much it will be is stressful as I'm on low income. Unfortunately I haven't kept any records or dates and my emails…
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Personal view on the Car Compensation Scheme
I have a DCA that has been confirmed back in 2024 using Martin's template, There is nothing clear or definitive if we are getting the compensation I read somewhere it could be 2028 or 2027 no one knows, The way I see it , the compensation scheme will be tied up it appeals , we thought the compensation would of started this…
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MSE News: Car finance redress scheme likely delayed until at least 2027
The financial regulator's major car finance mis-selling redress scheme, originally planned to start in July this year, is facing yet another delay. But in the meantime, it's still best to get your complaint in now, which you can do for FREE using our DIY car finance reclaim tool… Read more: Car finance redress scheme…
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MSE News: Car finance redress scheme to face legal challenge
The major car finance mis-selling redress scheme, confirmed by the financial regulator last month, is now facing a legal challenge over claims that it will leave drivers "out of pocket". The group behind the case says the scheme could still launch while the level of redress is reviewed, but this remains to be seen. In the…
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Car Finance Redress
Has anyone got any thoughts on the motor finance redress scheme? Is it just me, or do these delays feel like a tactic to drag the process out? What frustrates me is that the finance companies have been allowed to challenge things at this stage when they had the opportunity to raise objections during the consultation…
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Financial mis-selling complaint- HD Law
Hello all, I am a bit concerned. I clicked through on a link that came through one of one of my newsletters to register to see if I was eligible for the financial mis-selling complaints. Initially it went through make a pcp claim, I just wanted to check eligibility and put in vehicle details. Then I am being contacted a…
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Car finance claim - finance company is now dissolved
I had financing through Fortis Lease UK Retail Limited years ago. I completed the ML form and sent it off. This organisation was bought by the BNP Paribas group and it has now been dissolved. BNPLS responded saying as much and stating they were unable to help. I then used AI to generate a response to this asking them to…
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I am unsure if I've been missold car finance
Hi, I'm unsure if I've been missold car finance but I'm receiving text messages from one company anyway. Are they simply fishing for business or did they legitimately get my name from some financial records somewhere? fwiw the company is "Panda PCP" Thanks!
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DCA Black Horse Finance problems
I bought a Porsche back in May 2007, Ive contacted Black Horse Finance, given them my name DOB Address Bank Account details Chassis number Agreement number When and where purchased They have responded cant find my agreement Whats going on, clearly these car companies are simple not going to pay a penny!
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Help with car finance claim
This discussion was created from comments split from: Forum Highlights 6th Feb: planes, Pot Noodles & Premium Bonds.
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Response from Vauxhall Finance
I've had a response (of sorts) from Vauxhall Finance. My finance agreement dates from 2005. The response reads: After making a reasonable and proportionate search of our records (and making due enquiries with appropriate third parties), we've not yet found out if we paid a commission to the dealer and, if so, whether it…
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DCA Motor Commission Updates
Hi, I'm new to this forum and absolutely sure that this topic is covered in detail in an existing forum I used the MSE tool to register a potential commission claim on the purchase of my motorhome and I have received confirmation with a reference from LLoyds Motor Commission that I have got a DCA on this finance agreement.…
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Car Finance DCA and fixed commission
So like most of us have used Martins form and submitted our complaints(five in total), I did back in 2024 and have had responses. My four responses to date range from confirming DCA in two of them and also confirming Fixed commission was paid in the other two claims. The fifth and final complaint has not responded yet. My…
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MSE News: Misled or unfairly treated by car finance claims firm? Complain now
If you're unhappy with how a claims-management company or law firm has managed your car finance mis-selling case, or think it's treated you unfairly, you should challenge it by raising a formal complaint. The financial regulator has issued new guidance on how to do this, including a free template letter, after it found…
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MSE News: Car finance redress scheme likely delayed to November due to legal challenges
The financial regulator's major car finance mis-selling redress scheme, originally planned to start in July this year, will now likely be delayed to November due to four legal challenges. But in the meantime, it's still best to get your complaint in now, which you can do for FREE using our DIY car finance reclaim tool.…
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No record found either of the car they sold me, or of the finance agreement.
Hi - sorry if this has been asked before, I searched and could not find it. I bought a Mercedes A Class in 2010. I can't find any record of the finance agreement I took out. I gave Mercedes Finance dept the reg # and where I bought it, but they say they have no record of the car at all. I have made a claim personally for…
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Car Finance Claim - Cancelling Solicitor Fee
Hi all, Like many others, when the car finance mis-selling news came out, I signed up with a company called Consumer Rights Solicitors regarding three car finance agreements I’d had. More recently, I followed Martin Lewis’ advice and used his free reclaim tool to submit complaints directly to the finance companies myself.…
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No further follow up do I need to take action?
Hello, I followed the MSE template about 18 months ago and my finance company MotoNovo responded to confirm there was a hidden discretionary commission during my finance in 2015-2020. Since then I’ve heard nothing other than a legal company somehow getting hold of my details and contacting me claiming information had been…
