Why the FCA Took Action Against Discretionary Commission Arrangements
This in-depth article explores the FCA car finance investigation that led to the ban on discretionary commission arrangements. Discover how brokers inflated interest rates, how major lenders like Black Horse Finance and Close Brothers Finance are responding, and what DCA compensation could mean for mis-sold consumers.
Reclaim247 Intensifies Efforts Against Mis-Sold Car Finance
With the Financial Conduct Authority (FCA) increasing pressure on lenders and dealers, thousands of consumers may be entitled to compensation. Reclaim247 is at the forefront of this movement—helping individuals understand their rights, assess their eligibility, and take action to reclaim what they’re owed.
Guide 5 May 2025 |  | Andrew Franks |
Legal Grounds for Filing a PCP Finance Claim
Were you mis-sold a PCP finance agreement? Discover the key legal grounds for PCP finance claims in the UK, how to spot mis-sold PCP deals, and the steps to file a complaint. This guide covers your rights under the Consumer Credit Act, FCA regulations, and offers a step-by-step claims process with tips on gathering evidence and seeking support.
Two million Brits could be owed £1,000s after car finance scandal – check if you’re affected
Millions of UK drivers may be owed compensation after a car finance mis-selling scandal involving hidden dealer commissions. If you bought a vehicle using PCP or HP before January 2021, you could be eligible for a refund worth £1,000s. Find out how to check your claim with Reclaim247 – it’s fast, free, and could lead to a big payout.
Guide 28 April 2025 | | Andrew Franks |
FCA & The UK’s Car Finance Scandal: What It Means for You
The FCA is cracking down on mis-sold car finance deals. If you took out a loan to buy a car, you could be owed compensation. Here’s everything you need to know about the investigation, affected companies, and how to claim.
Guide 26 April 2025 | | Andrew Franks |
Understanding the MotoNovo Finance Claim: Can You Get a Refund?
MotoNovo Finance consumers have been filing compensation claims due to complaints of hidden fees, elevated charges, and undisclosed commissions. Eligible customers can file reports with the firm and with the Financial Ombudsman Service if needed.
News 24 April 2025 | | Andrew Franks |
Santander Plotting Exit Route as Car Loan Scandal Deepens
Santander is considering a UK exit after separating its scandal-hit car finance unit, amid looming legal battles and a potential £1.9bn compensation bill. Analysts suggest the bank is preparing for a sale.
Assessing the Shift from PPI to Car Finance Claims as the Next Multi-Billion-Pound Compensation Wave in the Payment Industry
The UK financial sector is witnessing a new wave of compensation claims, shifting from PPI to car finance mis-selling. With billions at stake, thousands of consumers are now seeking car finance refunds due to hidden fees, undisclosed commissions, and unfair lending practices. This article explores the scale of car finance claims, the FCA’s investigations, and how banks are responding to growing financial liabilities. Learn how this compensation crisis could reshape the industry and what consumers need to do next.
News 19 April 2025 | | Andrew Franks |
Reclaim247 Sees Surge in Car Finance Claims as FCA Scrutiny Intensifies
Thousands of UK motorists are seeking compensation for mis-sold car finance with Reclaim247. As the FCA investigates unfair lending practices, Reclaim247 is helping drivers understand their rights and file claims—risk-free. Discover how to check your eligibility today.