Trust Claims Pro

Up to 14 Million Motor Loans Due Compensation Under FCA-Proposed Scheme

Payouts on an expected 14m unfair motor finance agreements could start next year, under an industry-wide compensation scheme proposed by the FCA.

The FCA estimates people would receive around £700 per agreement, on average. Based on the number of consumers the FCA estimates could take part in the scheme, lenders could pay out £8.2 billion in compensation.

Motor finance companies broke laws and regulations in force at the time by failing to disclose important information. This led to unfairness, with consumers denied the chance to negotiate or find a better deal and, in some instances, paying more for their loan*

Were You Mis-sold a Car Finance Agreement?

Lack of Transparency

Inflated Interest Rates

Lack of Transparency

Your lender might have failed to clearly explain the key risks, terms, and conditions of your PCP or HP finance, which could mean you ended up in a deal that didn’t suit your needs.

Hidden Commissions

Inflated Interest Rates

Lack of Transparency

You may not have been told that your dealer earned commission from your finance deal, meaning you could have paid up to £1,000 or more than you needed to.

Inflated Interest Rates

Your interest rate was higher than it should’ve been.

The dealer may have adjusted your interest rate to secure higher commission, without disclosing this to you.

How does the process work?

1. Identify your car finance history

The free to use tool securely checks and retrieves your finance agreements for you.

2. Instantly check which deals are eligible

You’ll find out right away which of your car finance agreements could lead to compensation.

3. Finalise your registration

Review and sign the documents so your regulated partner can start managing your claim on your behalf

4. Leave the rest to us

If eligible, you'll be referred to an FCA regulated specialist partner who will deal with the full process on your behalf, doing everything they can to get you the compensation you deserve and updating you along the way.

Home Page: *Source: Financial Conduct Authority - https://www.fca.org.uk/news/press-releases/14m-unfair-motor-loans-compensation-proposed-scheme

Please note that Trust Claims Pro Ltd does not provide claims-management services ourselves; we use various FCA regulated specialist partners to deal with your claim on your behalf.

Trust Claims Pro Ltd is purely a referral agent and will likely receive a commission from our partners if you go on to use their services for your claim.

Any free check is carried out by our specialist partners and the search tool is used by them and uses a soft credit search (does not impact your credit rating) to find any car finance agreements registered to you. If you decide to go ahead with a claim after that, fees will apply. These fees will be clearly explained by our partners.

Please note that use of our service and/or our partners services does not guarantee a successful claim or any specific level of compensation.

The registered office is Peter House, Oxford Street, Manchester, England, M1 5AN.

Trust Claims Pro

Because Car Finance Should Be Fair

Because Car Finance Should Be Fair

Up to 14 Million Motor Loans Due Compensation Under FCA-Proposed Scheme

Think Your PCP Deal Was Mis-Sold?

Were You Mis-sold a Car Finance Agreement?

Lack of Transparency

Inflated Interest Rates

Lack of Transparency

Hidden Commissions

Inflated Interest Rates

Lack of Transparency

Inflated Interest Rates

Inflated Interest Rates

Inflated Interest Rates

How does the process work?

1. Identify your car finance history

2. Instantly check which deals are eligible

3. Finalise your registration

4. Leave the rest to us

Because Car Finance Should Be Fair

Because Car Finance Should Be Fair

Up to 14 Million Motor Loans Due Compensation Under FCA-Proposed Scheme

Think Your PCP Deal Was Mis-Sold?

Were You Mis-sold a Car Finance Agreement?

Lack of Transparency

Inflated Interest Rates

Lack of Transparency

Hidden Commissions

Inflated Interest Rates

Lack of Transparency

Inflated Interest Rates

Inflated Interest Rates

Inflated Interest Rates

How does the process work?

1. Identify your car finance history

2. Instantly check which deals are eligible

3. Finalise your registration

4. Leave the rest to us

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