Blue motor finance reply no commission paid

Ambodays99

Hi All,
So I used MSE template for DCA to contact Blue Motor Finance to see if any DCA was paid when I had car finance with them. They replied back today saying NO commission was paid. Am I ok to accept this as truthful? If no commission was paid then I’m happy to leave it at that but thought I’d ask the question on here if BMF will be straight when contacted about this. Finance was cleared long time ago and at the time I went through an intermediary who in turn approved the finance through BMF hence why I thought maybe a commission was paid. Thanks in advance for advice. 

Nasqueron

Ambodays99 said:

Hi All,
So I used MSE template for DCA to contact Blue Motor Finance to see if any DCA was paid when I had car finance with them. They replied back today saying NO commission was paid. Am I ok to accept this as truthful? If no commission was paid then I’m happy to leave it at that but thought I’d ask the question on here if BMF will be straight when contacted about this. Finance was cleared long time ago and at the time I went through an intermediary who in turn approved the finance through BMF hence why I thought maybe a commission was paid. Thanks in advance for advice. 

Unless you have evidence to the contrary then no, you were not affected. Firms would not risk potential millions in fines for lying about it - especially when the FCA won't even report until late next year, perhaps 2026 + the appeals are ongoing - remember the FCA may rule there was no mis-selling so nobody is owed anything, therefore why risk lying about it?

The DCA issue was when the car dealer inflated the rate with the lender, not when you used a broker

Ambodays99

Thank you appreciate the feedback. I wanted to check and if BMF say no DCA that’s cool 👍🏼