Car Finance Mis-Selling Scams: Myths vs Reality
Spend five minutes online researching car finance, and you’ll quickly discover two things. First, lots of people are confused. Second, there’s no shortage of dramatic claims suggesting everyone who’s ever signed a finance agreement is either owed a fortune or about to be scammed.
Changes to Mis-Sold Car Finance Claim Deadlines: What You Need to Know
If you have taken out car finance in the UK and have concerns about how your agreement was arranged, it is important to be aware of recent updates from the Financial Conduct Authority (FCA). The FCA has amended the timetable for how and when lenders must respond to certain car finance complaints. These changes may affect the timing of complaint responses, but they do not determine complaint outcomes or guarantee compensation.
Then vs Now: Prices Through the Years and What They Reveal About Car Finance
There was a time when a pound coin felt like real money. Something you were pleased to have in your pocket and happy to hand over. It paid for small treats, bus fares, or a coffee without a second thought, and it felt simple, straightforward, and certain in a way that money rarely does now.
How Car Finance Really Works in the UK (PCP, HP & Leasing)
Car finance is now the most common way people in the UK pay for a car. Rather than buying outright, many drivers choose to spread the cost through monthly payments using finance agreements such as PCP, Hire Purchase, or leasing.
Motor Finance Redress Scheme: What It Means for Drivers Affected by Mis-Sold PCP and HP Agreements
The Financial Conduct Authority (FCA) is developing plans for a large-scale car finance redress scheme, designed to address historic concerns around how some Personal Contract Purchase (PCP) and Hire Purchase (HP) agreements were sold. This follows an in-depth review into historic discretionary commission arrangements (DCAs), a practice the FCA believes may have created unfair outcomes for consumers.
Can I Make a Car Finance Claim if the Dealership Has Ceased Trading or Changed Ownership?
If you’ve discovered issues with the way your car finance was arranged, one of the first questions you might ask yourself is: “Great… but what if the dealership has vanished into thin air?”
A Comprehensive Guide to Car Finance Claims
Car finance has grown into the dominant method of buying cars in the UK. Over the last decade, millions of drivers entered into Personal Contract Purchase (PCP), Hire Purchase (HP), or other regulated credit agreements. These products were designed to give consumers flexibility, predictable payments, and access to newer vehicles.
Car Finance Affordability Checks: What Lenders Should Have Done
Most of us remember the fun parts of getting a new car. The test drive. The new-car smell. The moment you check whether your phone fits neatly in the little storage compartment. What many people don’t remember is anyone asking more than a passing question about whether the monthly payments would comfortably fit into their life and budget.
Hidden Commission Car Finance Explained: The Reason Thousands Are Claiming Compensation
If you have recently heard people talking about “hidden commission car finance” and felt an immediate need to make a cup of tea before dealing with it, you are in good company. Thousands of drivers across the UK have been digging out old finance agreements to understand whether everything was explained as clearly as it should have been.
What Documents You Need to Check to Prove You Were Mis Sold Car Finance
When most people took out their car finance agreement, they probably did not imagine a future where they would be searching through drawers, cupboards, and that mysterious folder labelled “Important Stuff I’ll Sort Later.” Yet here we are.
How to Tell If Your Car Finance Agreement Was Mis-Sold
Most people don’t wake up excited to review their car finance paperwork. In fact, many drivers sign their PCP or hire purchase agreements with about as much enthusiasm as reading the fine print on a supermarket parking sign. But with the Financial Conduct Authority (FCA) increasing scrutiny on fairness in the car finance market, more motor finance customers are asking whether their agreement was explained clearly and transparently.
A Guide to Mis-Sold PCP Car Finance - What You Need To Know
Unsure about your PCP agreement? Explore signs of mis-selling and how to review your finance contract with trusted, professional support.
