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NEWS: Huge car finance mis-selling news as industry-wide redress scheme planned
Payouts for mis-sold car finance are one step closer as the financial regulator has announced plans to consult on an industry-wide redress scheme. However, any redress is still dependent on an upcoming Supreme Court case. MoneySavingExpert.com founder Martin Lewis explains what this latest update means for claims. Read the…
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PCP Claims via My Claim Group
Has anyone got any information about the Insurance Policy required by the engaged solicitor. For instance MY Claim Group has the following clause. This sounds a bit risky to me that No Win No Fee is totally correct? can anyone help? many thanks When initiating the claim, your "no win no fee" your solicitor may need to…
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FCA news - consultation starting.
https://www.fca.org.uk/news/press-releases/fca-consult-motor-finance-compensation-scheme
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What is unfair commission?
My lender tells me I did not have a DCA. However I understand that compensation may still be payable if unfair rates of commission were involved. Do you know what level is regarded as unfair? I do not know what rate was paid to my car dealer but I will ask the lender if I know what is the cut off point. Or if a level is…
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Company Car Lease and motability leases
Company vehicle leases and motability lease vehicles are negotiated through the respective company direct with manufacturer dealers and third parties such as Arval. Is there any way to know if you as the end consumer incurred unnecessary additional fees due to the finance miss selling? I work for a company that use Arval…
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Car Finance compensation claim
Originally had car finance with GMAC (General Motors) and probably have a valid claim. However, they have been taken over by Ally Finance based in the US. Will the ‘new’ ruling apply to global companies outside the UK?
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DCA - Applying as an Executor
Hi everyone - looking for advice as to how I might fill in the car financing reclaim form as an Executor. All car finance was in my husband’s name and, following him passing away, I am his named Executor for his estate. Just not sure how to do this. Many thanks.
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Reclaim question
Hi, sorry if this is a repeated question! I’ve looked through the forum and can’t find what I need… basically my mam spoke to the reclaiming finance companies to get back the finance interest (I think that’s what it is?!) and she’s been asked to upload her ID by a crsolicitors.co.uk and I’m always cautious in case it can…
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Are car loans from a bank included in the reclaim scheme
As above, I've had cars on car finance, which I'll be checking, however I've also had 2 cars on car loans from sainsburys bank and tesco. Are these part of the relaim scheme or is purely cars bought on finance?
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Car Finance response - can it be trusted
I got the below reply from my Car Finace complaint. Question is can the reply be trusted or should i request evidence? " Thanks for your email asking for confirmation of whether we paid the retailer commission for your introduction to us.After checking our records, we can confirm there was no commission paid to the…
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Autobank going round in circles
So I contacted autobank last year to enquire as to whether they paid commission on my car finance . I sent them my details, the only thing I didn’t have was my agreement number. End of June they sent me a request for more information, basically asking for all the info I’ve already given plus my agreement number, which I…
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Lloyds TSB CarSelect
Back in 2012 we bought a car from Lloyds TSB CarSelect through the CSMA Club. We can’t find any paperwork but a copy bank statement shows payments were made to CarSelect so they obviously were the finance providers. Neither Lloyds TSB CarSelect nor CSMA Club still exist so would anyone have any thoughts on where to send…
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Merged: Reclaiming Car Insurance
This discussion has been merged.
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Car Finance Reclaim
I came across the article on how to submit a claim without going through the plethora of companies who are charging extortionate fees. Followed the guidance and submitted in emails form and got this automated response within minutes: Thank you for your motor finance commission email. Please accept this email as…
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Citroen - Reclaim Car Finance
Hi, Has anybody found a contact email address for Citroen Finance? On the confirmation that the finance was closed letter, the email address listed was ukcustomerservices@mpsa.com. I sent the email to this address a week ago but have had no reply yet. In addition, I also emailed the new citroen finance company STELLANTIS…
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HUGE car finance update signals ALL mis-sold commission complaints could come under probe
A major investigation into hidden, unfair car finance commission has had a huge update, which MoneySavingExpert.com founder Martin Lewis has said could double the number of people who are due a payout. Here's what we know so far, though it's still early days and Martin cautions we have "lots more reading and thinking to…
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Dead end PCP reclaim?
Had this reply from finance company - is this now a dead end?? cheers We refer to your communication regarding agreement number xxxx , in which you requested confirmation of whether we paid the dealer/broker any commission for your introduction to us. After reviewing our records, we can confirm that no such commission was…
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PCP Car Finance Claims and DRO
Hi Wondering if I could have some advice on the recent PCP car fincance claims. I had a car on finance from Santander which payments started on 9th May 2021. I paid all the installments every month right up until October 2024 when my income changed and I had to enter into DRO with the my car loan being on the debts listed…
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Finance Commission Claim
Hi, I've initiated a claim c 1 yr ago now. One of the firms has said i am eligible (great) the other however cannot find my agreement. I've provided proof of a direct debit and proof of ownership at the time. The purchase was c 12 years ago now, I've provided everything they have asked for but they still cannot find it.…
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Finance company closed
The finance company I used for the car finance in 2007 has either liquidated or dormant. What should I do?
