Motor Finance Claims Firm Cuts Losses as Cases Progress

News 18 September 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Motor Finance Claims Firm Cuts Losses While Waiting for Cases to Progress

A major motor finance claims law firm has reduced its annual losses while continuing to fund a large portfolio of unresolved consumer cases. Consumer Rights Solicitors values its wider claims book at around £72 million, but its accounts highlight the high costs and financial uncertainty involved in large-scale consumer litigation.

What If My Lender Asks for More Information Car Finance Claims

Guide 17 September 2026

headshot of Shannon Smith O'Connell, Operations Director at  Reclaim247Shannon Smith O'Connell

What Happens If My Lender Asks for More Information About My Car Finance Claim?

Your lender may ask for more information to identify an old finance agreement or investigate your complaint. This updated guide explains what lenders may request, what to do if you no longer have the paperwork, how a car finance refund check may help trace historic agreements, and what the FCA’s partially suspended redress scheme means for information requests in 2026.

Can’t Find Your Car Finance Agreement How to Trace It in 2026

Guide 16 September 2026

headshot of Shannon Smith O'Connell, Operations Director at  Reclaim247Shannon Smith O'Connell

I Can’t Find My Car Finance Documents. Does That Stop Me From Claiming?

Lost your old PCP or HP agreement? Missing paperwork does not necessarily stop you from investigating a car finance claim. Learn how to find old car finance agreements, how a car finance refund check may help trace historic finance, and what the FCA scheme’s legal challenges and delays mean in September 2026.

Car Finance Claim if the Dealership Closed or Changed Ownership

Guide 15 September 2026

headshot of Shannon Smith O'Connell, Operations Director at  Reclaim247Shannon Smith O'Connell

Can I Make a Claim if the Dealership Closed Down or Changed Ownership?

A closed, sold or rebranded dealership does not automatically stop a car finance claim. This updated guide explains who to contact, how historic agreements and broker records may still be traced, what a car finance refund check can help with, and how the FCA legal challenges and partial suspension affect car finance and PCP claims in 2026.

FirstRand Puts MotoNovo Up for Sale After 548m Finance Hit

News 14 September 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

FirstRand Puts Aldermore and MotoNovo Up for Sale After £548m Motor Finance Hit

FirstRand has formally put its UK business, including Aldermore Bank and MotoNovo Finance, up for sale after taking a £547.8 million pre-tax hit linked to motor finance redress. We look at why the group is leaving Britain and what the sale could mean for MotoNovo Finance claims.

Volkswagen Finance Claims 2026 VW Legal Challenge Update

Guide 11 September 2026

headshot of Shannon Smith O'Connell, Operations Director at  Reclaim247Shannon Smith O'Connell

Volkswagen Finance Claims 2026: What VW's FCA Scheme Challenge Means for Customers

Volkswagen Financial Services is one of the four parties challenging elements of the FCA motor finance redress scheme. This updated guide explains what the legal proceedings mean for Volkswagen finance claims, why parts of the scheme are suspended, what happens to existing complaints and how customers can check historic VW finance while the Upper Tribunal case continues.

Black Horse Ruling Questions Time Limits for Car Finance Claims

News 10 September 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Black Horse Court Ruling Raises Questions Over Time Limits for Car Finance Claims

A County Court ruling involving a 2005 Black Horse finance agreement has raised new questions about time limits for historic car finance claims. The judge found that the Limitation Act does not prescribe a statutory limitation period for certain unfair relationship claims, although the non-binding decision is expected to be appealed.

Toyota Finance Claims 2026 PCP FCA Redress Update

Guide 9 September 2026

headshot of Shannon Smith O'Connell, Operations Director at  Reclaim247Shannon Smith O'Connell

Toyota Finance Claims 2026: Could More Than One Agreement Be Relevant?

Financed more than one Toyota over the years? Each agreement may have a different outcome under the FCA motor finance redress scheme. This updated guide explains Toyota finance claims, PCP and commission arrangements, the partial scheme suspension, upcoming Upper Tribunal hearings and why expected payouts have shifted into 2027.

Blue Motor Finance Customers Face Compensation Shortfall

News 8 September 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Blue Motor Finance Customers Unlikely to Receive Full Car Finance Compensation

Blue Motor Finance customers who qualify for compensation may not receive everything they are owed after the lender entered administration. We explain why the historic liabilities did not transfer to Hodge, what happens to existing claims and why FSCS protection does not apply.

Car Finance Claims Deadline Less Than One Year to Act

News 7 September 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Less Than One Year Until Key Car Finance Claims Deadline

Motorists who believe they may have an eligible historic car finance agreement now have less than one year until an important FCA deadline. Consumers who are not contacted by their lender have until 31 August 2027 to complain and ask for their agreement to be considered under the Motor Finance Compensation Scheme.

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3 The FCA currently estimates that most individuals could receive an average of £829 in compensation per agreement. We find an average of 2 car finance agreements per client, giving a potential total claim value of £1,658.