Motor Finance Compensation Scheme:

Toottoit1

Hi I have just received an email from VW rejecting my claim “Our Decision

The evidence we reviewed confirms that commission of £200 was paid in relation to you

agreement. However, we did not identify any relevant arrangement associated to that

agreement.

For an agreement to be eligible for compensation under the scheme, it must include at least one

of the following arrangements:

• A Discretionary Commission Arrangement (DCA).

• A High Commission Arrangement.

• A Tied Arrangement, where an agreement between the retailer and lender existed which

offered exclusivity or priority to offer credit.

As a result, the agreement does not meet the eligibility criteria for compensation under the

scheme rules. This means there was no unfair relationship created under the scheme rules and

no compensation is due.”

Could I submit a formal objection and on what grounds could I do this

Isthisforreal99

Object to what? The fact you weren't fleeced in your finance agreement?

You have zero grounds.

Ayr_Rage

They have categorically stated that your claim does not meet ANY of the current thresholds for compo.

Time to move on as there is no appeal system and they'd be severely punished if they mislead you.

dunstonh

Could I submit a formal objection and on what grounds could I do this

Their response makes it clear that you do not meet the criteria for compensation. So what is your objection, and why do you think they are wrong?