UK Immigration Solicitors in Manchester and London
PCP Claims
- Get expert PCP and HP claims advice
- You could be owed thousands in mis-sold car finance
- Check your eligibility in just sixty seconds
RECLIAM YOUR MIS-SOLD CAR FINACNE
What is a PCP Claim?
PCP claims involve compensation for mis-sold car finance plans. If the terms of PCP agreements—such as balloon payments, monthly instalments, and mileage restrictions—were not fully explained or were unsuitable, consumers can seek redress. Often, these car finance claims arise from financial providers not adequately assessing the customer’s ability to manage payments. Complaints can be filed through claims management services or directly with the provider, with the option to approach the Financial Ombudsman if necessary.
What Happened?
In January 2021, the regulator the Financial Conduct Authority (FCA) banned 'discretionary commission arrangements' (DCAs). This stopped lenders allowing brokers (including car dealers) to increase interest rates on car finance, so that they'd be bunged more commission (even though they did no work). It's an unfair practice, as consumers weren't told, and many – thinking it a fixed price – didn't negotiate.
How much can I reclaim?
The amount you can reclaim from a mis-sold PCP depends on several factors, including the extent of mis-selling and overpayments on interest and fees. Each case is unique, so potential refunds vary significantly based on individual circumstances and the specifics of the finance agreement.
Don’t wait to claim
The FCA has extended the period of time motor finance firms can deal with discretionary commission arrangement complaints (from the usual 8 weeks) until December 4th 2025 while it investigates. Although a final response may not be received until after the review, complaints are being submitted now! Submit your claim today.
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Am I eligible for a refund?
Have you signed a PCP or HP agreement between 2007 and 2021? If you have, you could be eligible to make a car finance claim and receive compensation.Hidden “discretionary commission arrangements” were part of around 40% of car finance deals before January 2021. Lenders allowed brokers (including car dealers) to increase interest rates so that they could earn a higher commission. If you signed one of these car finance agreements, you might have overpaid without knowing. With the Financial Conduct Authority (FCA) investigating after the ban of these arrangements, you could be due a refund of thousands of pounds.
You have nothing to lose from making a claim if you believe you’re eligible. You can’t be blacklisted or receive a different service if you make a complaint. So, if you took out a PCP car finance agreement before 28 January 2021, making a claim could get you a great result
You bought a car on PCP or HP finance between 2007 and 2021
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
You paid a high interest rate on the PCP finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lender wasn't thorough with affordability checks
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Not disclosing relationships
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lender did not tell you about sales commissions
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
The lender told you about commissions but not how much
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Why Choose Us
PCP Claimback. Your Claims Management Company
Over 440 Million won
Since 2006 Investor Compensation has won millions in refunds for more than 600,000 people.
Risk Free, Hassle Free
If you cannot claim, or if your claim is unsuccessful, you wont pay a penny.
Proven Track Record
We have 18 years of experience in handling claims of financial mis-selling.
Investor Compensation (UK) Ltd is a Claims Management Company. You do not need to use our services to make your complaint, you can do this yourself for free by contacting your lender directly. If your complaint is not successful you can refer it to the Financial Ombudsman Service or, if the firm is no longer trading, the Financial Services Compensation Scheme.
Key facts
How much could I reclaim?
Your PCP refund amount will depend on both the APR you paid on the loan, and the length of time you had it. Current claims can be as high as £10,446.
Frequently asked questions
Find answers to common questions about our services and offerings.
You bought a car on PCP or HP finance between 2007 and 2021
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
You paid a high interest rate on the PCP finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lender wasn't thorough with affordability checks
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Not disclosing relationships
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lender did not tell you about sales commissions
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
The lender told you about commissions but not how much
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Resources
Learn more about your rights
ARTICLE -3 MINUTES READ
Your PCP & HP Claims Guide
ARTICLE -3 MINUTES READ
Understanding Your Rights: Navigating Mis-sold PCP Agreements
ARTICLE -3 MINUTES READ
Understanding PCP and HP Agreements
Claim your PCP Refund today
Discover how much you can reclaim with our free assessment today.