What is a motor finance claim?
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What constitutes a Motor Finance Claim?
You may the right to redress and make a Motor Finance Claim if:
The Broker or dealership varied the interest rate to receive a higher commission.
The Broker or dealership has not informed you of the commission they will be receiving from the sale of the product.
The Lender has allowed a conflict of interest by rewarding Brokers and Dealerships for selling inflated interest on finance products to obtain higher commission. The Lender is required to thoroughly assess your affordability of the product and notify you of the said commission structure. Primarily if it affects the amount, you will have to pay back.
If you have had Motor Finance provided through a dealership since 6th April 2007. You may be entitled to a full or part refund of the interest that you have paid or are currently paying. If you would like to make a ‘No win, No Fee’ claim please Call us on 01228 90 40 41 use the form below to start your claim.
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