Reclaim247 Sees Surge in Car Finance Claims as FCA Scrutiny Intensifies

Being the top claims management company in the UK means we must provide essential help to consumers who seek our services. Motorists can pursue legal claims via a secure process that eliminates financial risk under our No Win No Fee system.

The FCA is already probing the way that discretionary commission arrangements enabled brokers and dealers to influence financing interest rates, tending to increase costs for consumers. Most drivers do not know that they may have been subjected to those practices, banned in 2021, and thus lost compensation.

Reclaim247 at the Forefront of Consumer Claims

Being a top UK claims management company, we at Reclaim247 are dedicated to helping impacted consumers. Our No Win No Fee system provides motorist customers with a safe way of seeking their legal claims without risking their money.​

"Our mission is to ensure that individuals are fully informed about their rights," says Andrew Franks, co-founder of Reclaim247. "The financial contracts of many drivers contained undisclosed commissions that most of them did not recognise. As more customers gain knowledge about these hidden commissions, they have started to contact us in increasing numbers."​

To date, we've supported over 100,000 clients across various claims sectors, solidifying our reputation as a trusted provider in financial redress. Our company data shows that service demand growth results from how well customers understand and trust our products.​

As discussions around consumer rights evolve, we position ourselves as key advocates for fairness and accountability in the automotive finance sector. Our company's basic business model, together with our straightforward customer service, attracted drivers from different financial situations seeking assistance.

Anticipating a Wave of Compensation Claims

Expansion of our operations occurs because regulatory constraints are growing alongside multiple analyst predictions of claims. We possess an online evaluation platform upon which individuals who feel that their car finance purchase occurred inappropriately can check their eligibility.

"This is about more than just compensation," Franks adds. "It's about restoring fairness and empowering individuals to understand and assert their entitlements."​

Motorists are encouraged to act promptly, especially as the FCA aims to outline the next steps within six weeks of the Supreme Court's decision on car finance claims, expected to be delivered by summer 2025. Many drivers may qualify for compensation even without the original paperwork, as we can often retrieve essential information using basic personal details.

Motorists are being encouraged to act promptly, especially as the FCA works toward setting a timeline for firms to handle complaints and process redress. Many drivers may qualify for compensation even if they no longer have the original paperwork, as firms like Reclaim247 can often retrieve key information using basic personal details.

At Reclaim247, we offer an online test of eligibility to individuals who wish to evaluate their claim potential. Through our website, Reclaim247.co.uk, consumers can check their potential for compensation for mis-sold car finance agreements.