The car finance mis-selling compensation process has become a critical avenue for millions of UK drivers who may have been misled by unfair car finance agreements before January 2021.
Issues such as undisclosed commissions and unclear finance terms have led to widespread financial harm, with many paying thousands more than necessary. Your Lawyers specialises in helping victims navigate the compensation process to secure the refunds and compensation they deserve.
This article breaks down the scandal, your rights, and how our expert team can guide you through the claims process.
Between 2007 and 2021, many UK car finance agreements, particularly Personal Contract Purchase (PCP) and Hire Purchase (HP) deals, were tainted by undisclosed commissions and unclear finance terms. Dealerships and brokers often received secret commissions from lenders, incentivising them to push higher-interest agreements without informing customers.
This practice, known as Discretionary Commission Arrangements (DCAs), was banned by the Financial Conduct Authority (FCA) in 2021. Additionally, unclear finance terms left borrowers unaware of key details like balloon payments or repayment obligations, breaching consumer protection laws.
The car finance mis-selling compensation process is now in focus, with the FCA investigating potential redress schemes following a 2024 Court of Appeal ruling that deemed undisclosed commissions unlawful. Your Lawyers is at the committed to helping affected drivers recover overpaid interest and damages.
Pursuing the car finance mis-selling compensation process is straightforward with Your Lawyers’ expert guidance. If you financed a car, van, or motorbike before January 2021, you may be eligible to claim for undisclosed commissions or misleading terms.
Start by contacting us for a free eligibility assessment, where we can review your finance agreement for signs of mis-selling. Even without documentation, we may be able to assist with a Data Subject Access Request (DSAR) to obtain records from your lender.
Compensation may include refunds for overpaid interest, additional damages for financial losses, and interest on overpayments, potentially worth thousands of pounds. Our team can handle all legal aspects, from gathering evidence to negotiating with lenders like Barclays or Lloyds, ensuring a strong case. With our No Win, No Fee representation, you can pursue justice without worry.
Your Lawyers has extensive experience in consumer claims, having recovered substantial damages for UK consumers affected by unfair practices. Our expertise in group actions can strengthen your claim, as we can unite thousands of drivers to hold major lenders accountable.
We understand the frustration of discovering you have been overcharged due to hidden commissions or unclear terms, and our compassionate team provides personalised support throughout the car finance mis-selling compensation process. With a proven track record and a commitment to transparency, we ensure you are fully informed at every step.
By joining our group action, you can benefit from our legal expertise and collective strength, maximising your chances of securing substantial compensation without upfront costs. So, do not let unfair car finance agreements cost you more than they should. If you suspect you were affected by undisclosed commissions or unclear finance terms, start the car finance mis-selling compensation process with Your Lawyers today.
Join our group action to reclaim overpaid interest and secure the compensation you may be entitled to. Act now to ensure your claim is filed before potential deadlines—take the first step toward justice today.
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