Uncovering Moneyway Car Finance Mis-selling
Have you taken out a car finance or PCP agreement with Moneyway between 2008 and 2020? If so, there’s a possibility you may have been mis-sold your finance package. Moneyway, like many other lenders, has been involved in the widespread mis-selling of car finance agreements, often due to hidden commissions between the lender and the car dealership.
At SortMyCash, we work alongside our partner solicitors, Chan Neill Solicitors, to help you uncover the truth about your Moneyway car finance agreement and claim compensation if you’ve been a victim of mis-selling. With our No Win, No Fee service, you can pursue your claim with confidence, knowing that our expert team is on your side.
Signs of Mis-selling in Moneyway Car Finance
There are several red flags to watch out for when identifying mis-selling in your Moneyway car finance agreement:
- The salesperson didn’t disclose they would receive a commission on the car finance
- The salesperson didn’t explain the amount of the commission
- The lender (Moneyway) didn’t disclose the commission to you prior to the purchase
- The salesperson didn’t fully explain the Terms & Conditions of the car finance
- The salesperson didn’t explore a range of options to find the best finance for your situation
If any of these signs apply to your Moneyway car finance agreement, you could be eligible to make a claim.
Claiming Compensation for Moneyway Car Finance Mis-selling
If you believe you’ve been mis-sold car finance by Moneyway, it’s crucial to take action and hold them accountable. By partnering with SortMyCash and Chan Neill Solicitors, you’re giving yourself the best chance of success in claiming the compensation you deserve.
To start your Moneyway car finance claim, fill in our 30-second online form. Our team will be in touch to guide you through the process and help you gather any necessary documentation. Our No Win, No Fee service ensures a risk-free, expert-guided experience that puts your interests first.
Don’t let hidden commissions and mis-selling practices go unchallenged. With SortMyCash and Chan Neill Solicitors on your side, you can claim the compensation you’re entitled to. Begin your Moneyway car finance claim today and take the first step towards making the most of your money.
The Impact of Moneyway Car Finance Mis-selling
If you’ve been mis-sold car finance by Moneyway, the impact can be significant. You may have paid far more than necessary for your car finance agreement, with hidden commissions and manipulated interest rates inflating your monthly repayments. The Financial Conduct Authority (FCA) estimates that consumers have overpaid by £300 million each year due to mis-selling practices.
Potential Compensation for Moneyway Car Finance Mis-selling
The amount of compensation you may receive for mis-sold Moneyway car finance depends on factors such as the finance amount, interest rate, repayment term, and commission structure. However, with large sums of money involved in car purchases, compensation claims can run into thousands of pounds.
Initially, it was believed that only the hidden commission would be recoverable, with average claims estimated at around £1,500. However, recent legal developments suggest that the entirety of the interest paid, hidden commission, and any other fees may be recoverable, increasing the average claim to nearly £6,000.
Why Use SortMyCash and Chan Neill Solicitors for Your Moneyway Car Finance Claim?
While you can pursue a claim yourself, partnering with experts like SortMyCash and Chan Neill Solicitors increases your chances of success. Our expertise in handling car finance mis-selling cases means you’re in good hands, and our No Win, No Fee service ensures a fair and transparent process.
By working with SortMyCash and Chan Neill Solicitors, you can expect:
- A simple, stress-free claims process
- Expert guidance from a dedicated team
- A No Win, No Fee service, ensuring no upfront costs or hidden fees
- A greater chance of success in claiming compensation
Get Started with Your Moneyway Car Finance Mis-selling Claim
Don’t wait any longer to take action against Moneyway car finance mis-selling. Fill in our 30-second online form and begin your No Win, No Fee claim with SortMyCash and Chan Neill Solicitors today. Our team will be in touch to guide you through the process, helping you gather the necessary documents and information to support your claim.
Don’t let hidden commissions and mis-selling practices by Moneyway go unchallenged. With SortMyCash and Chan Neill Solicitors on your side, you can claim the compensation you’re entitled to and make the most of your money.
Start Your Claim Below Now
