YOU COULD BE OWED COMPENSATION FOR A MIS-SOLD CAR FINANCE DEAL
If you took out PCP or HP finance between April 2007 and November 2024, you may be entitled to compensation – even if your agreement has ended or you’ve sold the car.
👉 Checking your eligibility is completely free and does not commit you to making a claim. A quick check could tell you if you’re owed money.
Are You Eligible To Claim?
Many car finance agreements were mis-sold, often without customers knowing. You may be eligible if:
If you’re unsure, it’s still worth checking – many successful claims start with “I’m not sure”.
Discretionary Commission Arrangements
You weren’t told the dealer could increase your interest rate
Unfair Commission Practices
You paid more interest than expected
Limited Transparency
The dealer said they searched for the best deal, but only used one lender
These practices are linked to discretionary commission arrangements and unfair commission arrangements which were subject to regulatory review by the Financial Conduct Authority (FCA). Please note that eligibility does not guarantee compensation.
How It Works
Step 1
Free Eligibility Check - Complete our quick form. It takes less than a minute and there’s no obligation.
Step 2
We handle the Hard Work - A member of the team will contact you to gather a few details & explain your options.
Step 3
Legal Experts Recover Your Compensation - Your claim is managed by our partner law firm.
Important Information
• No fees are payable unless your claim is successful.
• Successful claims are subject to a fee of 18% - 36% (including VAT) depending on compensation recovered.
• A cancellation fee may apply after the 14-day cooling period.
• We may receive a referral fee for introducing you to a partner solicitor (this does not affect your compensation)
• You can pursue a claim directly with your lender, the Financial Ombudsman Service, or any public redress scheme, including any industry wide redress scheme that the FCA introduce.
• Whilst we will always aim to secure the maximum possible, we cannot guarantee that the outcome will be greater than what you may achieve by pursuing the claim independently.
• Average compensation pay-outs estimated at around £700 per agreement.
FAQ's
Do I need my original agreement?
No – we can usually obtain the information on your behalf
Can I claim if I’ve sold the car?
Yes. You may still be eligible even if the agreement has ended.
Will this affect my credit score?
No. Making a claim does not affect your credit rating.
How long does a claim take?
Timescales vary, but we’ll keep you updated throughout.
Address
Reclaim Experts, Innovation Centre, 49 Oxford Street, Leicester, LE1 5XY
Phone
01162409240
